ULS News

US IPO Market Slowly Climbs to a Two-Year High IPO activity hit a two-year high in the second quarter of 2024 but still came in below expectations, with 39 IPOs raising a combined $8.9 billion as investors continued to warm up to new issuers while remaining disciplined on valuations. A diverse group of 20 companies...read more

Eighteen IPOs raised a combined $5.3 billion in April, above the 10-year historical average by deal count and proceeds (16 IPOs, $3.7B). It was the busiest month for both overall new issuance and $100+ million IPOs since November 2021. Nine deals raised $100 million or more, led by the billion-dollar offering of cruise operator Viking (VIK). Large VC-backed tech...read more

Three IPOs debuted this past week. Three IPOs and one SPAC submitted initial filings this week. Product assessment services provider UL Solutions (ULS) priced its upsized IPO above the midpoint to raise $946 million at a $5.7 billion market cap. UL Solutions provides testing, inspection, and certification (TIC) services and related software and advisory offerings...read more

UL Solutions, which provides product testing, inspection, and certification services, raised $946 million by offering 33.8 million shares (100% secondary) at $28, slightly above the midpoint of the range of $26 to $29. The offering contained 5.8 million more shares than anticipated. UL Solutions is a global safety science company that provides independent testing, inspection, and...read more