UL Solutions slips as parent to trim stake in safety testing firm

Shares of UL Solutions ULS.N down 2.1% post-market to $87 after secondary offering launched

Northbrook, Illinois-based safety testing co says UL Standards & Engagement (ULSE) to offload 12.5 mln shares

Goldman Sachs and JP Morgan are lead bookrunners for offering

Sale would take ULSE's holdings to about 125.6 mln shares, per the offering prospectus

Co has about 201 mln total shares outstanding

ULS shares on Tues closed down 1.5% at $88.85, trimming YTD gain to 78%

5 of 11 analysts covering ULS rate stock "strong buy" or "buy", 6 rate "hold"; median PT of $96 up from $72 a month ago, per LSEG data