Swinging For Acushnet Holdings’ IPO Lockup Expiration

Acushnet Holdings Corp. (NYSE: GOLF) – Strong Sell or Short Recommendation

April 26, 2017, concludes the 180-day lockup period on Acushnet Holdings Corporation.

When the lockup period ends for GOLF, its pre-IPO shareholders, directors and executives (four firms and twenty-four individuals) will have the chance to sell their 55 million shares, representing 75% of total shares outstanding.

(Source: SEC Filings)

The potential for a sudden increase in stock available in the open market may cause a significant decrease in the price of Acushnet shares, opening a short opportunity for experienced investors.

We’ve written about GOLF previously on our IPO Insights platform. At the time, we recommend holding off on investing given the company’s declining revenue and tough market conditions for golf manufacturers.

Business Overview: Manufacturer of Golf Products and Equipment

(Source: Company Website)

Acushnet Holdings manufactures and markets golf products and equipment in the United States and around the world. Its swath of products includes golf balls, clubs, shoes, gloves, outerwear, socks, putters, gear and accessories, as well as apparel for men, women and kids.

The company also operates Vokey.com, a platform to find information, updates and news on Bob Vokey, Vokey WedgeWorks, wedges used by tour players and wedge technology to golf enthusiasts. The website also provides information on golf-specific health, fitness and swing advice.

Acushnet has two highly favored golf brands: Titleist and FootJoy. The Titleist golf ball has been the #1 golf ball in professional golf for over 68 years, and FootJoy has been the #1 shoe on the PGA Tour for more than 60 years. In addition, it offers balls that produce speed for long distances on full swing shots and soft feel, along with low spin for long distances.

The company is based in Fairhaven, Massachusetts. It has locations in Eastern U.S., Western U.S., Australasia and Asia, as well as Europe, the Middle East and Africa. Acushnet Company, Corp. operates as a subsidiary of Alexandria Holdings Corp.