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Acushnet IPO next week, set to raise $435 million

Published

8 years ago

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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.

    Reply Report comment

    • JL

      Oct 19, 2016 at 4:48 pm

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

      Reply Report comment

  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.

    Reply Report comment

  3. D

    Oct 18, 2016 at 8:55 am

    Beginning of the end

    Reply Report comment

  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

    Reply Report comment

  5. Alex Bedwell

    Oct 17, 2016 at 8:25 pm

    *Initial Public Offering

    Reply Report comment

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

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Whats in the Bag

Taylor Pendrith’s winning WITB: 2024 CJ Cup Byron Nelson

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Driver: Ping G430 LST (9 degrees) Buy here.
Shaft: Accra TZ Six ST

3-wood: Ping G430 Max (15 degrees) Buy here.
Shaft: Project X HZRDUS Smoke Green 80 6.5 TX

7-wood: Ping G425 Max (20.5 degrees) Buy here.
Shaft: Project X HZRDUS Smoke Green 90 6.5 TX

Irons: Srixon ZX (2, 3) Buy here, Srixon ZX7 Mk II (4-9) Buy here.
Shafts: Project X HZRDUS Smoke Black 6.5 90, 6.5 100 (2-3), True Temper Dynamic Gold Tour Issue X100

Wedges: Cleveland RTX 6 Tour Rack (46-10 Mid, 52-10 Mid, 56-10 Mid, 60-9 Full) Buy here.
Shafts: True Temper Dynamic Gold Tour Issue X100

Putter: Odyssey Jailbird Versa Buy here.
Grip: SuperStroke Zenergy Flatso 1.0

Grips: Golf Pride MCC

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Driver: Titleist TSR3 (9 degrees, D1 SureFit setting)
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Check out more in-hand photos of Ben Kohles’ clubs in the forums.

 

 

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Whats in the Bag

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Driver: TaylorMade Qi10 (9 degrees @7)
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Check out more in-hand photos of Kris Kim’s equipment here.

 

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