You've probably bought enough Titleist golf balls in your lifetime to feel like you should own some stock in its parent company, Acushnet. Now it looks like you might be able to do just that.
Reuters reports Acushnet, which is owned by apparel company Fila and several Korean companies including Mirae Asset, has been looking into the possibility of an initial public offering (IPO) as soon as 2016. Solebury Capital is advising the company on an offering that could be worth some $1.8 billion. In 2011, Fila and partners purchased Acushnet, which owns the Titleist and FootJoy brands, for $1.23 billion.
Mirae Asset, which is a private equity firm, said an IPO has been planned since the acquisition as a means of private investors cashing in on their purchase. If and when Acushnet stock hits the market, it's likely to be listed on a New York-based exchange.
