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Acushnet IPO next week, set to raise $435 million

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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.

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8 Comments

8 Comments

  1. 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.

  2. 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.

  3. D

    Oct 18, 2016 at 8:55 am

    Beginning of the end

  4. 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

  5. Alex Bedwell

    Oct 17, 2016 at 8:25 pm

    *Initial Public Offering

  6. Pingback: Acushnet IPO next week, set to raise $435 million | Swing Update

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Putters that never made it: Check out some of the best tour builds that didn’t make the cut

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Arguably, the best perk of being a professional golfer on the PGA Tour is the ability to request or even just be handed pretty much any club you could think of. It happens more often than you think, usually with putters around the practice green from one event to the next. Come Wednesday, the Tour bags lining the edge of the putting surface become resting places for fallen flatsticks that never made the cut.

So let’s take a look at some of the best we’ve seen out on Tour this year that never made it to the competition. (You may notice none of Hideki Matsuyama’s custom Scotty Cameron putters made this list. There are too many.)

Let’s start with this custom Damascus Milled Odyssey Rossie made for Ryo Hisatsune. Featuring a single line and the short-slant hossel, we’ve seen plenty of Number 7 and jailbird heads featuring the Damascus Milled insert, but this is the first and only one we’ve spotted in a Rossie. Hisatsune primarily putts with an Odyssey Black Series iX #9, but we have seen him recently with a TaylorMade TP Collection SOTO, so there could be potential that the Damascus Milled Rossie could end up in the bag. 

Everyone wants to be Cameron Young right now. We’ve had Justin Thomas and Tom Hoge both game the Scotty Cameron 9.5R prototype. Well, for the PGA Championship, Brooks Koepka nearly joined that list after requesting the same style of putter, with the full-length alignment line. But the Scotty Cameron reps took the request a step further and made one specially for Koepka with a Teryllium insert, similar to one in his previous Newport 2 gamers. The reason why this one didn’t go into play, though? Because it was too heavy. 

Harry Hall was the third-best putter on Tour last year, so when Bettinardi made him a custom proto, you know it was going to be good. The custom BB28 blade features VDF face milling, a custom-welded single-bend shaft, and the owner’s initials – HH – on the sole of the putter.  Hall, who usually games an Odyssey O-Works #7 W, has dabbled with a TaylorMade Spider Tour X already this year. Maybe there’s a chance this Bettinardi might make his bag. 

Honestly, this one doesn’t need a description. It’s Kieth Mitchell’s custom Scotty Cameron Napa. One Scotty Cameron face stamp, two Scotty Dogs, two Scotty Cameron 7-Point Crowns and one Circle T. That is all. Oh, except for the Cashmere Cameron headcover.

Finally, and just for fun, how about we pour one out for this TaylorMade Spider Tour X made for Scottie Scheffler in its new torched finish. It’s unlikely we’ll see a putter change anytime soon from the best golfer in the world. In fact, he hit just two putts with it on the Harbour Town practice before going back to his trusty gamer.

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Whats in the Bag

Patrick Reed WITB 2026 (May)

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Driver: Titleist GT3 (9 degrees) Buy here.
Shaft: Aldila Rogue Silver 130 M.S.I. 70 TX

3-wood: TaylorMade Qi35 (15 degrees)
Shaft: Fujikura Ventus Blue 7 X

7-wood: TaylorMade Qi35 (21 degrees)
Shaft: Fujikura Ventus Blue 8 X

Irons: Grindworks PR-202 (4), Grindworks PR-101A (5-PW)
Shafts:  True Temper Dynamic Gold Tour Issue X100

Wedges: Cleveland RTX6 Tour Rack (52-10 Mid), Titleist Vokey Design SM10 (56-08M), SM11 (60-04T)
Shafts: True Temper Dynamic Gold Tour Issue S400

Putter: Scotty Cameron Tour Rat 1.5 Tour Prototype

Ball: Titleist Pro V1x

Grips: Golf Pride MCC

See more photos of Patrick Reed’s clubs here.

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Equipment

Which of Tiger’s major winning irons are your favorite? – GolfWRXers discuss

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In our forums, our members have been discussing their favorite major winning irons used by Tiger Woods. WRXer ‘golferdude54’ kicks off the thread saying:

“Mizuno MP 14/29. Titleist 681T. Nike Forged Blades. TaylorMade P7TW.

Among these irons that helped Tiger win 15 majors, which is your favorite in terms of looks?”

And our members have been naming their favorites and why in response.

Here are a couple of posts from the thread, but make sure to check out the entire discussion and have your say at the link below.

  • SwingBlade: “I prefer the early blades he played and the more recent TM TW’s especially because after Tiger had his major behavioral setbacks, part of Nikes support payback was making Tiger play a Nike putter and cease using his beloved uniquely customized Scotty putter.”
  • ProjectX: “This (Nike Forged Blades) and there’s not even a close second.”

Entire Thread: “Which of Tiger’s major winning irons are your favorite? – GolfWRXers discuss”

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