Topgolf Said in Talks to Go Public Via Churchill Capital
- Driving range company earlier eyed $4 billion value in IPO
- Topgolf says its focus remains on growth, reopening safely
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Topgolf International Inc., an operator of driving ranges with a party atmosphere, is in talks to go public through a merger with the blank-check company Churchill Capital Corp. II, according to people with knowledge of the matter.
Dallas-based Topgolf is in talks to merge with the special purpose acquisition company, or SPAC, led by former Citigroup banker Michael Klein, said the people, who asked not to be identified because the talks are private. Churchill is seeking to raise additional equity as part of the deal and has begun conversations with potential investors, one of the people said.