Report: Titleist owner preparing for IPO

ACUSHNET CO., the maker of Titleist golf equipment, is talking to banks in preparation of an initial public offering in the U.S., sources said. / COURTESY TITLEIST
ACUSHNET CO., the maker of Titleist golf equipment, is talking to banks in preparation of an initial public offering in the U.S., sources said. / COURTESY TITLEIST

(Updated 3:02 p.m.)
FAIRHAVEN, Mass. – The Acushnet Co., owner of Titleist, FootJoy and Pinnacle, is getting ready for an initial public offering this fall, according to a Reuters report.
The report said the company may register with U.S. regulators as early as June for the IPO that could value it at more than $2 billion.
Citing people familiar with the matter, Reuters said Acushnet is working with investment banks that include Morgan Stanley, JPMorgan Chase & Co, UBS Group AG and Nomura Holdings Inc. on the IPO.
The IPO would come five years after Fortune Brands sold Acushnet to South Korean sports apparel company Fila Korea Ltd. and Mirae Asset Private Equity for $1.23 billion.
“As a matter of policy, we do not respond to questions or speculation regarding strategic matters, including the potential capital structure of the company,” Acushnet spokesman Eric Soderstrom said.

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