28 Oct '16, 11pm

Nearly 7 million shares (!) sold in first day of Acushnet's IPO:

The long-awaited IPO for Acushnet (parent of Titleist and FootJoy) came to fruition today with the common stock trading on the New York Stock Exchange under the ticker symbol “GOLF.” Chairman and CEO Wally Uihlein rang the opening bell with notable Acushnet figures surrounding him, including putter designer Scotty Cameron, top-rated instructor Butch Harmon and Fila Korea CEO Gene Yoon, as well as long-time Acushnet employees Diane Medeiros (who's worked for the company for 51 years) and Carlos Botelho, a 44-year veteran of the golf industry giant. The initial offering price was $17 per share with just under 20 million shares of common stock to be sold by existing shareholders of Acushnet, which was bought by Fila Korea and a consortium of Korean banks in 2011. The underwriters have a 30-day over-allotment option to purchase up to an additional 2.9 million shares. J.P. Morg...

Full article: http://www.golfdigest.com/story/acushnet-ipo-first-day-se...

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Acushnet IPO: First day sees nearly 7 million s...

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