The Acushnet Company today opened trading with its much-anticipated IPO at $17 per share, a good ways off from its expected opening price range of between $21 and $24 per share. In the first 30 minutes of trading, the parent of Titleist and FootJoy traded as low as $16.90 and as high as $17.67.
The $17 per share opening price means Acushnet raised approximately $329 million in the IPO, around $100 million less than originally expected.
