Topgolf CEO Anderson Hints Of Possible Future IPO, Discusses Growth Of Game
Topgolf co-Chair & CEO Erik Anderson said the private company definitely fits the "criteria to be a public company” and, noting a '16 investment by Providence Equity Partners, added Topgolf is looking at that "as an option" at some point. Appearing on CNBC’s “Mad Money,” Anderson said about half of Topgolf's business "is the golf entertainment game, about half food-and-beverage and we've got about 35% women, so it appeals to everybody.” Topgolf is in the process of opening its 38th venue, and Anderson said he thinks there will eventually be "at least 100" in the U.S. and "another 100 or 200 around the world." Anderson: “We're seeing kids show up now and we've got great instruction programs and it's a lot of fun.” Anderson said of the state of golf, “It's stabilizing and we're seeing real growth again. ... If you count our activity, golf actually has grown so I think it's just expanding the audience and how people get to it” (“Mad Money,” CNBC, 12/11).