Acushnet Holdings Corp. NYSEGOLF, parent company of golf equipment leader Titleist, officially launched its IPO Friday amid a trying time for the industry.
Announced last year in November, the Titleist offering shocked many, coming at a time when the majority of the sentiment around the industry was that
Its no doubt that golf has had a difficult time attracting the next generation of players; millennials are known to
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Titleist Joins Callaway In The Market
Titleist joins competitor Callaway Golf Co
“I think it is a good a business to be in, I don’t think it is a growing business at the moment, but rounds played has actually trended up, unit sales are down, average selling prices are up” said Callaway CFO, Robert Julian, in an exclusive interview with Benzinga.
Despite the cautious sentiment surrounding golf, Callaway has actually
Golf Stock Performance, Asia Remains A Key Market
Golf is still very popular in Asia, with Japan in particular being a key market for the equipment manufacturers and South Korea also remaining an important market. Fila Korea previously owned Acushnet and still has a large stake in the Acushnet IPO.
With Callaway set to release its Q3 earnings next Wednesday and Titleist IPO underway, a lot more color on the state of the industry will soon be here.
At last check, Acushnet shares were up 1.7 percent on its first day of trading.
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