Equipment
Acushnet IPO next week, set to raise $435 million
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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Whats in the Bag
Matthieu Pavon WITB 2024 (May)
- Pavon’s WITB accurate as of the Wells Fargo Championship. More photos from the event here.
Driver: Ping G430 Max (9 degrees)
Shaft: Fujikura Ventus TR Black 6 X
3-wood: Ping G430 LST (15 degrees)
Shaft: Fujikura Ventus TR Black 7 X
Hybrid: Ping G430 (19 degrees)
Shaft: Fujikura Ventus Black 10 X
Irons: Ping i230 (3-PW)
Shafts: Nippon Modus3 Tour 120 X
Wedges: Ping Si59 (52-12S, 58-8B)
Shafts: Nippon Modus3 Tour 120 X
Putter: Ping Cadence TR Tomcat C
Grip: SuperStroke Claw 1.0P
Grips: Golf Pride MCC Align
Ball: Titleist Pro V1
Check out more in-hand photos of Pavon’s gear here.
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Equipment
Spotted: Tommy Fleetwood’s TaylorMade Spider Tour X Prototype putter
Tommy Fleetwood has been attached to his Odyssey White Hot Pro #3 putter for years now. However, this week at the Wells Fargo Championship, we did spot him testing a new putter that is very different, yet somewhat similar, to his current gamer.
This new putter is a TaylorMade Spider Tour X head but with a brand new neck we haven’t seen on a Spider before. A flow neck is attached to the Spider head and gives the putter about a 1/2 shaft offset. This style neck will usually increase the toe hang of the putter and we can guess it gets the putter close to his White Hot Pro #3.
Another interesting design is that lack of TaylorMade’s True Path alignment on the top of the putter. Instead of the large white center stripe, Tommy’s Spider just has a very short white site line milled into it. As with his Odyssey, Tommy seems to be a fan of soft inserts and this Spider prototype looks to have the TPU Pure Roll insert with 45° grooves for immediate topspin and less hopping and skidding.
The sole is interesting as well in that the rear weights don’t look to be interchangeable and are recessed deep into the ports. This setup could be used to push the CG forward in the putter for a more blade-like feel during the stroke, like TaylorMade did with the Spider X Proto Scottie Scheffler tested out.
Tommy’s putter is finished off with an older Super Stroke Mid Slim 2.0 grip in blue and white. The Mid Slim was designed to fit in between the Ultra Slim 1.0 and the Slim 3.0 that was a popular grip on tour.
- Check out the rest of our photos from the 2024 Wells Fargo Championship
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Equipment
Club Junkie WITB, league night week 4: Some old, some new
We enter week 4 of Thursday night men’s league feeling a little more confident in the game. BK is hoping to go a little lower and reduce the mistakes out there with these clubs in the bag. Watch the video for the full breakdown of why these clubs are getting the starting nod this week!
Driver: Titleist TSR2 (10 degrees, neutral setting)
Shaft: Mitsubishi Diamana WB 63 X
3-wood: TaylorMade Qi10 (15 degrees)
Shaft: UST Mamiya Lin-Q M40X TSPX Blue 7F5
7-wood: Ping G430 Max (-1 degree, flat Ssetting)
Shaft: Fujikura Ventus TR Blue 8 S
Iron: Mizuno Pro Fli-Hi 4
Shaft: Aerotech Steelfiber hls880 S
Irons: PXG 0317 Tour (5-PW)
Shaft: LA Golf A-Series 105 Low (4)
Wedge: Titleist Vokey SM10 (50-08F)
Shaft: UST Mamiya Dart V 105 F4 Wedge
Wedge: Ping S159 (56-10H)
Shaft: Ping Z-Z115
Wedge: Ping S159 (60-08B)
Shaft: Ping Z-Z115
Putter: PXG Battle Ready II Brandon
Shaft: BGT Stability Tour Spec One
Ball: Callaway Chrome Tour X
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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.
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.
Tom
Oct 18, 2016 at 1:38 pm
I’m out
D
Oct 18, 2016 at 8:55 am
Beginning of the end
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
Alex Bedwell
Oct 17, 2016 at 8:25 pm
*Initial Public Offering
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