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Acushnet prices IPO at $17, below the range

October 27, 2016
GOLF

Acushnet Holdings, which manufactures and markets golf equipment under several brands (e.g. Titleist), raised $329 million by offering 19.3 million shares at $17, below the range of $21 to $24. Acushnet Holdings plans to list on the NYSE under the symbol GOLF. J.P. Morgan, Morgan Stanley, Nomura Securities, UBS Investment Bank, Credit Suisse, Daiwa Securities, Deutsche Bank, Jefferies and Wells Fargo Securities acted as lead managers on the deal.