Acushnet Files For IPO… and Coolest Stock Symbol

The parent company of Titleist, Acushnet, will be listed under the stock symbol GOLF. Credit: Titleist

Acushnet Holdings Corp. (“Acushnet”) has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock.

The total number of shares to be offered and the price range for the proposed offering have not yet been determined.

Acushnet intends to apply to list the common stock under the symbol “GOLF.”

J.P. Morgan and Morgan Stanley are acting as lead book-running managers and as representatives of the underwriters. Nomura and UBS Investment Bank are also acting as lead book-running managers. Credit Suisse, Daiwa Capital Markets Deutsche Bank Securities, Jefferies and Wells Fargo Securities are also acting as joint book-running managers.

The shares of common stock to be sold in the offering will be sold by existing stockholders of Acushnet.

SOURCE: Titleist



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