Topgolf International Inc. is discussing going public through a merger with Churchill Capital Corp. II, a public investment vehicle, according to a report from Bloomberg.
Churchill Capital, led by former Citigroup banker Michael Klein, has started conversations with potential investors to raise additional equity as part of the deal, a source told Bloomberg.
In January, Reuters reported Topgolf was in talks with investment banks about hiring underwriters to support an IPO as soon as this year.
As of May, Topgolf International owned and operated 57 golfing centers (54 in the U.S. and 3 in the UK) as of year-end 2019 with 10 additional facilities under construction in the U.S. There is also one international franchise venue in Australia.