RTO vs. ULS: Which Stock Is the Better Value Option?
Shares of UL Solutions climbed 21% in their market debut on the New York Stock Exchange on Friday, valuing the safety testing company at $6.8 billion. The company's shares opened at $34 apiece, above their initial public offering (IPO) price of $28, which was at the higher end of its targeted range. The strong showing from the company follows the successful debut of PACS Group on Thursday, valuing the healthcare firm at $4 billion, a sign that U.S. initial public offerings are on the road to recovery.