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Acushnet IPO next week, set to raise $435 million

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Acushnet, the umbrella company of Titleist and FootJoy, will have its initial public offering (IPO) next week, according to a report in the Boston Globe. It will trade under the symbol GOLF on the New York Stock Exchange.

The offering is set to raise about $435 million, with 19.3 million shares priced between $21-24. That puts Acushnet’s value at roughly $1.7 billion. Proceeds will go to previous investors, not the company.

Fila Korea Ltd., which purchased Acushnet in 2011, will have majority voting shares after series of transactions in advance of the offering, according to The Globe.

The Fairhaven, Massachusetts-based company registered $1.5 billion in sales during a 12-month period ending this past June, losing $1 million. News of Acushnet’s IPO broke in May when the company was reportedly valued at $2 billion.

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8 Comments

8 Comments

  1. Mike Honcho

    Oct 19, 2016 at 11:07 am

    Nike out, TM up for sale, now this???? Pretty soon the choices will be Expensive Japanese brands, PXG or go over to Dicks and get a full set of MaxFli’s.

    • JL

      Oct 19, 2016 at 4:48 pm

      We don’t sell Maxfli sets at Dick’s anymore.

  2. golfbum

    Oct 18, 2016 at 12:30 pm

    “The offering is set to raise about $435 million, with 19.3 million shares priced between $21-24. That puts Acushnet’s value at roughly $1.7 billion. Proceeds will go to previous investors, not the company”

    Looks like a leverage buyout….pay off those that got to where they are and then move the risk to the public. Be hard pressed to reason that institutional investors will seek long term gains. This is a stock to SHORT.

  3. D

    Oct 18, 2016 at 8:55 am

    Beginning of the end

  4. carl spackler

    Oct 18, 2016 at 8:09 am

    and here comes the quick release cycles to keep up with shareholders demands for more profits

  5. Alex Bedwell

    Oct 17, 2016 at 8:25 pm

    *Initial Public Offering

  6. Pingback: Acushnet IPO next week, set to raise $435 million | Swing Update

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Equipment

GolfWRX Spotted: Titleist TSi hybrids seeding at The American Express

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To say Titleist has been having success with its TSi metal woods and T-Series irons would be an understatement. Just this past week, the TSi Series drivers were the number one driver at The Sony Open, and in more than one event during the 2020 portion of the PGA Tour season, they swept all major equipment counts from drivers all the way to wedges and putters.

(Image via Titleist)

Now, building on the success of the TSi series, Titleist has just launched its newest TSi hybrids on the PGA Tour at the American Express in La Quinta, California.

TSi2 hybrid from address

Titleist looks to be following the design principles of the TSi series with the TSi2 being a wider-soled hybrid intended to help increase launch while the TSi3 is more compact and also included the same SureFit CG (center of gravity) track that can be found in the TSi3 driver and fairway woods.  

TSi3 hybrid from address

TSi3 hybrid sole

The hybrids will also continue to utilize the SureFit adjustable hosel to fine-tune lie and loft and help golfers dial in ball flight.

We don’t have the full technology story yet, but based on the success of the previous generation hybrids both on tour and with regular golfers, we can expect Titleist has pulled out all the stops to achieve maximum performance.

See what golfers are saying about the TSi hybrids in the forums. 

 

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GolfWRX Spotted: Aldila Ascent shafts at The American Express

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The PGA Tour is back on the mainland and on the west coast this week at The American Express being played at PGA West in La Quinta, California.

That’s not too far from Carlsbad where a majority of the OEMs in golf reside, which also makes it the perfect place to show off some of the latest technology and components to tour players—including shafts.

This week, we spotted the all-new Ascent shaft from Aldila, which judging from the finalized graphics, could be available soon in the retail market.

We reached out to Aldila and parent company Mitsubishi Chemical to get the details on the new shaft and what makes it different from others currently available on the market, and here’s what we know

  • The new Ascent shaft is designed to help golfers increase their ball flight apex while still offering lower spin performance and stability.
  • The shaft uses unique tungsten-infused prepreg to focus mass towards the tip which in turn improves ball speeds and stability while also maintaining feel.

The shaft also features what Aldila is calling an Impact Stabilization Zone—a section of increased stiffness, which, as the name suggests, helps stabilize the head towards impact. It is designed to pair with the heavier tungsten prepreg at the tip to create an active yet stable shaft that promotes launch while maintaining accuracy.

Shaft specs, pricing, and availability

We don’t have confirmation of the retail availability or the pricing of the new Ascent shaft from Aldila, but we do have the spec sheet, which gives some insight into the options that this shaft will be available in.

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GolfWRX Classifieds (01/18/21): Putters! Olson, Bettinardi, Odyssey EXO

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At GolfWRX, we love golf equipment plain and simple.

We are a community of like-minded individuals that all experience and express our enjoyment for the game in many ways. It’s that sense of community that drives day-to-day interactions in the forums on topics that range from best driver to what marker you use to mark your ball, it even allows us to share another thing – the equipment itself.

One of the best ways to enjoy equipment is to experiment and whether you are looking to buy-sell-or trade (as the name suggests) you can find almost anything in the GolfWRX BST Forum. From one-off custom Scotty Cameron Circle T putters, to iron sets, wedges, and barely hit drivers, you can find it all in our constantly updated marketplace.

These are some of the latest cool finds from the GolfWRX BST, and if you are curious about the rules to participate in the BST Forum you can check them out here: GolfWRX BST Rules

Member ChiChi – Olson Putter

This milled, copper insert beauty of a putter is gonna set you back, but for good reason: It’s one of a kind.

To see the full listing and additional pictures check out the link here: Olson Putter

Member Scottyc – Bettinardi Studio Stock 8

Made in America and ready to roll the rock for you.

To see the full listing and additional pictures check out the link here: Studio Stock

Member codeman – EXO Marxman

Need help with alignment and better roll? This Odyssey EXO Marxman is packed with tech to help you putt better—and is also priced to move.

To see the full listing and additional pictures check out the link here: Marxman

Remember that you can always browse the GolfWRX Classifieds any time here in our forums: GolfWRX Classifieds

You can also follow along on Instagram: GolfWRX Classifieds

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