Acushnet gains on debut after lowering IPO price
Korea's PE-backed Acushnet Holdings, which owns the Titleist and FootJoy golf brands, saw its shares jump 5.9% in the first day of trading on the New York Stock Exchange following a smaller-than-expected $328.7 million IPO.
The company sold 19.33 million shares at $17 apiece, according to a statement, below the indicative range of $21-24 per share. Opening at the IPO price, Acushnet's stock peaked at $18 before falling back...
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