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IPO Info

Goldman Sachs Group Inc. plans to sell shares in its Japanese Accordia Golf unit as early as Nov. 1. Goldman formed Accordia Golf in July 2003 to run a collection of failed courses it acquired during Japan's economic stagnation.

Goldman, which is now seeking to capitalize on healthy demand for new stock offerings and Japan's economic recovery, reportedly will sell a partial stake to the public and retain a majority share.

According to a study published by the Japan Productivity Center for Socio-Economic Development, Japan's golfing population last year rose five percent to 10.8 million. The institution estimates the number of golfers will fall to 7.8 million in 2015 and 6.7 million by 2020 because of Japan's aging society.


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