Pursuits
Titleist Golf Unit Said to Contact Banks for Possible U.S. IPO
- Listing could come next year and value company at $2 billion
- Parent Acushnet bought by Fila Korea in 2011 for $1.23 billion
Titleist Golf's Parent Said to Seek U.S. IPO
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Acushnet Co., the maker of Titleist golf equipment, is talking to banks about a possible initial public offering in the U.S., people with knowledge of the matter said.
The company is soliciting pitches from a number of banks for the IPO, which could take place next year, said the people, who asked not to be identified because the information is private. Acushnet could fetch a valuation of about $2 billion, according to the people. The size and timing haven’t been decided and could change, the people said.