Equipment
Acushnet IPO next week, set to raise $435 million
Acushnet, the umbrella company of Titleist and FootJoy, will have its initial public offering (IPO) next week, according to a report in the Boston Globe. It will trade under the symbol GOLF on the New York Stock Exchange.
The offering is set to raise about $435 million, with 19.3 million shares priced between $21-24. That puts Acushnet’s value at roughly $1.7 billion. Proceeds will go to previous investors, not the company.
Fila Korea Ltd., which purchased Acushnet in 2011, will have majority voting shares after series of transactions in advance of the offering, according to The Globe.
The Fairhaven, Massachusetts-based company registered $1.5 billion in sales during a 12-month period ending this past June, losing $1 million. News of Acushnet’s IPO broke in May when the company was reportedly valued at $2 billion.
Neal Shipley was the first to admit that he enjoyed his food while in college. But since his days at Ohio State, he’s slimmed down and earned a PGA Tour Card.
That hasn’t stopped him from having fun with his wedge stampings, though it’s led to some misunderstandings.
On the 54 (degree), we have ‘Big Fudge,'” Shipley told GolfWRX. “It was supposed to be ‘Big Fridge,’ so this happened a little while ago. ‘Big Fridge’ was a nickname between my college teammates and I, with ‘fridge’ meaning stomach, a big stomach.
“We told the Ping guys to put … ‘Big Fridge’ on it, and I think maybe some bad cell service or something, and they thought I said ‘fudge,’ so they put fudge on it.”
On Shipley’s 50-degree he also continues the food theme, this time with his go-to order at the “Golden Arches,” and his stamping “DONS 7.”
“The number 7 meal, the two cheeseburger meal, that was my McDonald’s order, back when I would have McDonald’s frequently,” Shipley shared.
At GolfWRX, we are a community of like-minded individuals who all experience and express our enjoyment of the game in many ways.
It’s that sense of community that drives day-to-day interactions in the forums on topics that range from best driver to what marker you use to mark your ball. It even allows us to share another thing we all love – buying and selling equipment.
Currently, in our GolfWRX buy/sell/trade (BST) forum, @raw10628 has a L.A.B. DF3 putter and Masters putter cover up for grabs.
From the listing: “Some great items here today, time to thin out and make room for next set of gear. All prices include shipping.
LAB DF3 Purple 33.5” 68° lie with TPT – $725. LAB Masters release DF3 cover – $150.”
To check out the full listing in our BST forum, head through the link. If you are curious about the rules to participate in the BST Forum, you can learn more here: GolfWRX BST Rules
Driver: Ping G440 LST (9 degrees)
Shaft: Accra TourZ Green 5-M4
3-wood: Ping G440 Max (15 degrees)
Shaft: Accra TourZ Green 6-M4
5-wood: Ping G440 Max (19 degrees @18)
Shaft: Accra TourZ Green 6-M4
Hybrid: Ping G440 (23 degrees)
Shaft: Oban Isawa Red Hybrid Shaft 04 Flex 70 Gms
Irons: Srixon ZXi7 (5-P)
Shafts: Aerotech SteelFiber Private Reserve i80
Wedges: Cleveland RTZ (50-MID, 54-FULL, 58-MID)
Shafts: Aerotech SteelFiber Private Reserve i105
Putter: L.A.B. Golf OZ.1i
Shaft: ACCRA Putter Shaft
Grips: Golf Pride Tour Velvet
Aaron Rai’s winning WITB: 2026 PGA Championship
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Maria Torres WITB 2026 (June)
Driver: Ping G440 LST (9 degrees) Shaft: Accra TourZ Green 5-M4 3-wood: Ping G440 Max (15 degrees) Shaft: Accra TourZ Green 6-M4 5-wood: Ping G440...
Eric Cole WITB 2026 (June)
Driver: PXG Lightning Tour Max (9 degrees) Shaft: Project X Titan Yellow 70 TX 3-wood: TaylorMade Qi4D (15 degrees) Shaft:...
Si Woo Kim WITB 2026 (May)
Driver: Callaway Quantum Triple Diamond (8.5 degrees) Shaft: Fujikura Ventus Black 6 X Mini driver: Callaway Paradym Ai Smoke Mini...
Wyndham Clark’s winning WITB: 2026 CJ Cup Byron Nelson
Driver: TaylorMade Qi4D (10.5 degrees) Shaft: Project X Titan Yellow 60 TX 3-wood: TaylorMade Qi4D Tour (15 degrees) Shaft: Project...
Mike Honcho
Oct 19, 2016 at 11:07 am
Nike out, TM up for sale, now this???? Pretty soon the choices will be Expensive Japanese brands, PXG or go over to Dicks and get a full set of MaxFli’s.
JL
Oct 19, 2016 at 4:48 pm
We don’t sell Maxfli sets at Dick’s anymore.
golfbum
Oct 18, 2016 at 12:30 pm
“The offering is set to raise about $435 million, with 19.3 million shares priced between $21-24. That puts Acushnet’s value at roughly $1.7 billion. Proceeds will go to previous investors, not the company”
Looks like a leverage buyout….pay off those that got to where they are and then move the risk to the public. Be hard pressed to reason that institutional investors will seek long term gains. This is a stock to SHORT.
Tom
Oct 18, 2016 at 1:38 pm
I’m out
D
Oct 18, 2016 at 8:55 am
Beginning of the end
carl spackler
Oct 18, 2016 at 8:09 am
and here comes the quick release cycles to keep up with shareholders demands for more profits
Alex Bedwell
Oct 17, 2016 at 8:25 pm
*Initial Public Offering
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