Reported Earlier, UL Solutions Prices Secondary Public Offering Of 20M Class A Common Stock At $49/Share
Portfolio Pulse from Benzinga Newsdesk
UL Solutions has announced a secondary public offering of 20 million Class A common stock at $49 per share. The underwriters have a 30-day option to purchase an additional 3 million shares. UL Solutions will not receive any proceeds from this sale.
September 06, 2024 | 7:11 am
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UL Solutions is conducting a secondary public offering of 20 million Class A shares at $49 each. The company will not receive any proceeds from this sale, as the shares are being sold by a selling stockholder.
The secondary offering increases the supply of UL Solutions' stock in the market, which could lead to a short-term decrease in stock price due to dilution concerns. However, since the company is not receiving proceeds, it does not directly impact its financials.
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