UL Solutions valued at $6.8 bln in strong debut on NYSE (updated)

UL Solutions

12/04/2024 18:12

(Adds details)
       April 12 (Reuters) - Shares of UL Solutions  ULS.N 
climbed 21.43% in their market debut on Friday, valuing the
safety solutions company at $6.8 billion.
    The strong debut offers another sign that U.S. initial
public offerings are on the road to recovery. 
        The IPO market is seeing a rebound in activity in 2024,
after a dry spell of almost two years as high interest rates,
market volatility, and geopolitical turmoil weighed on
investors' risk appetite. 

 (Reporting by Sriparna Roy, Manya Saini and Pratik Jain in
Bengaluru; additional reporting by Akash Sriram; Editing by
Shailesh Kuber)
 ((Manya.Saini@thomsonreuters.com;))