As part of an S1 filing with the SEC ahead of tomorrow’s expected IPO, the Acushnet Co., said it plans to “expand custom and limited edition product offerings’’ and launch a U.S. eCommerce website for Titleist golf gear in the second half of 2017.
Acushnet earlier this year recently launched a U.S. eCommerce website offering more than 6,000 SKUs across all FootJoy categories.
Tomorrow’s expected IPO could raise as much as $435 million for Acushnet, most of which will go to its parent Fila Korea Co.
The IPO price is expected to be between $21 and $24 per share. Doing the math at $22.50 per share, meaning Acushnet’s market cap would be $1.7B, or slightly more than 1x sales.