Safety testing firm UL Solutions' shares rise 21% in market debut

UL Solutions Inc. is a global safety science company. The Company provides independent testing, inspection, and certification (TIC) services and related software and advisory (S&A) offerings to customers worldwide. Its segments include Industrial, Consumer, and Software and Advisory (S&A). Industrial segment provides TIC services to help ensure that its customers' industrial products meet or exceed international standards for product safety, performance, cybersecurity, and sustainability. Its services address needs across several end markets, including energy, industrial automation, engineered materials (plastics and wire and cable) and built environment. The Consumer segment provides a variety of global product market acceptance and risk mitigation services for customers in the consumer products end market, including consumer electronics, medical devices, information technologies, and appliances. The S&A business provides complementary software and advisory solutions.