By Park Si-soo
Acushnet, which owns golf brands such as Titleist and Footjoy, reaffirmed Thursday it will list its shares on the New York Stock Exchange next year.
FILA Korea is the firm's biggest shareholder with a 52.6 percent stake, followed by Mirae Asset Private Equity with 35.8 percent, Blackstone with 8.5 percent and Neoplux with 3.1 percent.
"We've planned an initial public offering (IPO) since we acquired Acushnet in 2011. We will push forward with the plan," a FILA spokeswoman said. "Our goal is listing the company on the New York Stock Exchange next year. But things can change depending on market situation."
She said the company plans to select a lead manager of the IPO about six months before the IPO.
"We have focused on expanding corporate size. But we will shift the focus to boosting brand value," FILA's newly appointed chief financial officer Sung Nag-yong was quoted as saying in an interview.
To that end, he said, FILA will pursue no additional mergers and acquisitions, at least until Acushnet is listed.
Acushnet reported $1.537 billion in sales and $108 million in operating profit last year. FILA Korea reported 797.5 billion won in sales and 93.5 billion won in operating profit in 2014.
Acushnet, which owns golf brands such as Titleist and Footjoy, reaffirmed Thursday it will list its shares on the New York Stock Exchange next year.
FILA Korea is the firm's biggest shareholder with a 52.6 percent stake, followed by Mirae Asset Private Equity with 35.8 percent, Blackstone with 8.5 percent and Neoplux with 3.1 percent.
"We've planned an initial public offering (IPO) since we acquired Acushnet in 2011. We will push forward with the plan," a FILA spokeswoman said. "Our goal is listing the company on the New York Stock Exchange next year. But things can change depending on market situation."
She said the company plans to select a lead manager of the IPO about six months before the IPO.
"We have focused on expanding corporate size. But we will shift the focus to boosting brand value," FILA's newly appointed chief financial officer Sung Nag-yong was quoted as saying in an interview.
To that end, he said, FILA will pursue no additional mergers and acquisitions, at least until Acushnet is listed.
Acushnet reported $1.537 billion in sales and $108 million in operating profit last year. FILA Korea reported 797.5 billion won in sales and 93.5 billion won in operating profit in 2014.
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