People and Pop Culture
The Market
A measured look at this week’s holdings
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Buy
Fore-thought
Topgolf is eyeing its potential IPO later this year with a valuation of $4 billion, and it has chosen banks to work with, including Bank of America, JPMorgan Chase and Morgan Stanley. The driving-range-as-party-destination has seen impressive growth since it opened its first location in 2000 and has become increasingly popular in the U.S.
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Sell
Side eyed
Top WTA players like Sloane Stephens said they were shown a lack of respect by organizers at the ATP Cup and the WTA’s Brisbane International, where most of the women’s matches were pushed to side courts to accommodate the first ATP Cup, a multinational team event. Logistics are complicated, but the problem needed a better solution.
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Hold
Red-handed?
Major League Baseball is investigating the Boston Red Sox for allegedly stealing signs during the 2018 season, a year in which the team won the World Series and one year after it was fined by MLB for using an Apple Watch to steal signs. With punishment due soon related to the Astros’ sign-stealing investigation, MLB may have a widening problem on its hands.
