Acushnet, the maker of Titleist golf balls among other golf equipment and apparel, is set to make an initial public offering of its stock next week according to a Boston Globe report.
The report notes that the stock, which will use the ticker symbol GOLF on the New York Stock Exchange, will estimate the company's value at around $1.7 billion. The company will reportedly sell 19.3 million shares at a price between $21 and $24, a combination that would yield investors approximately $435 million.
Talks of an Acushnet IPO have circled for months, though details about the offering were not yet available.