REPORT: Titleist parent set for initial public offering in June
Golf Biz

REPORT: Titleist parent set for initial public offering filing

Acushnet, the parent company of Titleist, FootJoy and Pinnacle, is preparing an initial public offering for this fall.

Reuters reports the company is preparing to file paperwork for the IPO that could value the company at approximately $2 billion. The report claims Acushnet is working with several companies on the filing, including Morgan Stanley, JPMorgan Chase, UBS and Nomura Holdings.

Still to be determined are an initial stock price and the number of shares that will be made available to the public. In September 2015, multiple reports suggested Acushnet stock would land on the New York Stock Exchange.

Acushnet was sold by former owner and consumer products maker Fortune Brands in 2011 to the South Korean combination of sports apparel maker Fila Korea and Mirae Asset Private Equity for $1.23 billion.

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