Topgolf has selected banks for an IPO that could value the company at about $4 billion

[tacobell fan]

Topgolf International Inc., an operator of driving ranges with a party atmosphere, has selected banks for an initial public offering that could value the company at about $4 billion, according to people familiar with the matter.

 

The Dallas-based company is working with banks including Morgan Stanley, JPMorgan Chase & Co. and Bank of America Corp., said the people, who asked to not be identified because the matter is private. Its IPO could come as soon as this year, they said.

Topgolf, led by Chief Executive Officer Dolf Berle, has $525 million in outstanding debt, according to data compiled by Bloomberg.

Representatives for Topgolf, Morgan Stanley, JPMorgan and Bank of America declined to comment.

The company’s driving ranges, which bring the spirit of a bowling alley to the golf course, have bays that can accommodate up to six players who can track their balls electronically while ordering food and drinks. Some venues feature rooftop bars, restaurants, shops, pools and concert halls. The company has locations in the U.S., the U.K. and Australia, with others opening soon in Canada, Mexico and the United Arab Emirates, according to its website.

Private equity firm Providence Equity Partners made a “sizable minority investment” in Topgolf in 2016, according to a statement at the time.

The company’s backers also have included Callaway Golf Co., which acquired a minority stake with other investors in a deal completed in 2017. Callaway’s shares were already up Monday and climbed further on news of Topgolf’s plans. The shares, which rose as much as 2.3%, were up 1.8% to $21.67 at 2:42 p.m. in New York trading.

[tacobell fan]

Bale successful franchise in recent times. India lo ilanti franchise concepts develop chese scope ledu due to lot of political crap. 

[jbourne]

11 minutes ago, tacobell fan said:

Bale successful franchise in recent times. India lo ilanti franchise concepts develop chese scope ledu due to lot of political crap. 

Bath body 

body shop 

bdubs 

american eagle tesukocham kada ani antunna KTR vankle 

[tacobell fan]

10 minutes ago, jbourne said:

Bath body 

body shop 

bdubs 

american eagle tesukocham kada ani antunna KTR vankle 

[Idassamed]

India lo it will be successful.

[jbourne]

4 minutes ago, Idassamed said:

India lo it will be successful.

Yeah jaga vuntey 

[Idassamed]

1 hour ago, jbourne said:

Yeah jaga vuntey 

Outskirts lo, kindha dhaba(posh dhaba)

Daaba meedha golf.

[tacobell fan]

4 minutes ago, Idassamed said:

Outskirts lo, kindha dhaba(posh dhaba)

Daaba meedha golf.

 

1 hour ago, jbourne said:

Yeah jaga vuntey 

[NenuEvaru]

It takes around 12 acres of land to build this style of golf recreation, India lo antha land tevadam kashtam close to city for this business model

[tacobell fan]

3 minutes ago, NenuEvaru said:

It takes around 12 acres of land to build this style of golf recreation, India lo antha land tevadam kashtam close to city for this business model

Topgolf locations are never at heart of the city if you ever observe. That business model will attract people regardless of location. In fact, the area will be developed,  these are multi year projects. Not like a typical person's ability to envision or invest. 

[Jilchika]

Mostly true but some locations like Myrtle Beach etc... top golf is close to other popular attractions.

[bombay99]

5 hours ago, tacobell fan said:

Bale successful franchise in recent times. India lo ilanti franchise concepts develop chese scope ledu due to lot of political crap. 

agree india lo e city ki a city lo  indoor cricket petesaru bro 1 hr ki 1200rs minimum