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Parent company of Titleist and Foot-Joy goes public (The Associated Press)

The symbol ''GOLF'' showed up on the New York Stock Exchange on Friday when the parent company of Titleist went public.

Acushnet Holdings, the century-old company in Fairhaven, Massachusetts, that makes the top-selling Titleist golf ball and a full line of golf equipment, raised $329 million in an initial public offering of 19.3 million shares at $17.

The price was below projections of $21 to $24 per share.

One function of the IPO was an exit strategy for some of the investors. Fortune Brands sold Acushnet in 2011 for $1.23 billion to Fila Korea Ltd. and financial investors, primarily Korea-based Mirae Asset Private Equity.