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.