Acushnet, the father company of Titleist and FootJoy, will be going live with their initial public offering sometime next week on the New York Stock Exchange.
What this means: You can now invest in the most used golf ball on the PGA Tour, and in turn, your favorite golfer.
The stock ticker (what the stock itself will be called) is expected to be GOLF. When you go in to buy, that’s what you should look for.
The IPO is expected to raise approximately $435 million from the sale of 19.3 million shares, which would value the company at around $1.7 billion. Shares are expected to sell for between $21 and $24.
We can’t all be Bob Parsons and create our own golf brand, but for less than a parking spot in NYC we could invest in the company that has billions of lost balls on courses everywhere.