FAIRHAVEN, Mass. -- (Business Wire)
Acushnet Holdings Corp. (NYSE:GOLF) (“Acushnet”) today announced the
pricing of the initial public offering of shares of its common stock
pursuant to a registration statement on Form S-1 filed with the
Securities and Exchange Commission (the “Commission”). All 19,333,333
shares of common stock to be sold in the offering will be sold by
existing stockholders of Acushnet. The underwriters in the offering have
a 30-day over-allotment option to purchase up to an additional 2,899,999
shares of common stock from the selling stockholders. The initial public
offering price is $17.00 per share.
Acushnet’s common stock is expected to begin trading on the New York
Stock Exchange on October 28, 2016 under the ticker symbol “GOLF,” and
the offering is expected to close on November 2, 2016, subject to
certain closing conditions.
J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as
lead book-running managers and as representatives of the underwriters
for the initial public offering.
Nomura Securities International, Inc. and UBS Securities LLC are also
acting as lead book-running managers. Credit Suisse Securities (USA)
LLC, Daiwa Capital Markets America Inc., Deutsche Bank Securities Inc.,
Jefferies LLC and Wells Fargo Securities, LLC are acting as joint
book-running managers, and D.A. Davidson & Co., KeyBanc Capital Markets
Inc., Raymond James & Associates, Inc. and SunTrust Robinson Humphrey,
Inc. are acting as co-managers.
A registration statement relating to these securities has been filed
with the Commission and has been declared effective. This press release
shall not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any
such state or jurisdiction.
The offering is being made only by means of a prospectus. A copy of the
prospectus relating to the offering may be obtained from the office of
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, or by telephone at (866)
803-9204; Morgan Stanley & Co. LLC, Attention: Prospectus Department,
180 Varick Street, 2nd Floor, New York, NY 10014; Nomura Securities
International, Inc., Attention: Equity Syndicate, Worldwide Plaza, 309
West 49th Street, 5th Floor, New York, NY 10019-7316, or by telephone at
(212) 667-9562; or UBS Securities LLC, Attention: Prospectus Department,
1285 Avenue of the Americas, New York, NY 10019, or by telephone at
(888) 827-7275.
Forward-Looking Statements
The statements contained in this release that are not historical
facts are forward-looking statements. These forward-looking statements
are based on Acushnet’s current expectations and are subject to
uncertainty and changes in circumstances. Actual results may differ
materially from these expectations due to changes in global, regional or
local economic, business, competitive, market, regulatory and other
factors, many of which are beyond Acushnet’s control. Any
forward-looking statement in this release speaks only as of the date of
this release. Acushnet undertakes no obligation to publicly update or
review any forward-looking statement, whether as a result of new
information, future developments or otherwise, except as may be required
by any applicable securities laws.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161027007011/en/
Contacts:
Media:
ICR
Joy Murphy
AcushnetPR@icrinc.com
Source: Acushnet Holdings Corp.
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