Soon, you'll be able to own a piece of some well-known golf equipment brands.
On Monday morning, Acushnet Holdings Corp, which consists of Titleist, FootJoy, Pinnacle, as well as Vokey Design wedges and Scotty Cameron putters, filed for a proposed IPO of its common stock under the ticker symbol "GOLF."
According to a company statement, the total number of shares to be offered and the price range for the proposed offering haven't been determined yet. Shares will be sold by current shareholders.
Back in 2011, Fortune Brands sold the Acushnet Company to a group led by Fila Korea, Ltd. and Mirae Asset Private Equity, the largest private equity firm in Korea, for $1.225 billion.
At present, Callaway Golf (sold under the symbol "ELY") is the only publicly traded, standalone major golf equipment company. It closed last Friday at $10.12.