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

REPORT: Titleist parent set for initial public offering filing

May 26, 2016
Ryan Ballengee
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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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Ryan Ballengee

Ryan Ballengee is founder and editor of Golf News Net. He has been writing and broadcasting about golf for nearly 20 years. Ballengee lives in the Washington, D.C. area with his family. He is currently a +2.6 USGA handicap, and he has covered dozens of major championships and professional golf tournaments. He likes writing about golf and making it more accessible by answering the complex questions fans have about the pro game or who want to understand how to play golf better.

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