Pursuits
Titleist Owner Files for IPO as It Predicts Golf Resurgence
- Acushnet says it plans to list under the GOLF ticker
- JP Morgan, Morgan Stanley among banks underwriting the listing
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Acushnet Holdings Corp., the golf products company that owns the Titleist and Pinnacle brands, has filed for an initial public offering in the U.S. to allow shareholders to cash out part of their stakes.
The company, which sells golf clubs, balls and clothing, plans to list under the ticker symbol GOLF, according to a regulatory filing Monday. The Fairhaven, Massachusetts-based company said it won’t receive any proceeds from the share sale, because the stock being sold is held by investors who own the company.