lululemon athletica Announces Pricing of Initial Public Offering

07/27/07
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Yoga-inspired athletic apparel retailer lululemon athletica (Nasdaq: LULU) announces the initial public offering of 18,200,000 shares priced at $18.00 per share.

Yoga-inspired athletic apparel retailer lululemon athletica (Nasdaq: LULU) announces the initial public offering of 18,200,000 shares priced at $18.00 per share.

 

Vancouver, BC - July 27, 2007 – lululemon athletica inc. announced today its initial public offering of 18,200,000 shares of common stock has been priced at U.S. $18.00 per share. Shares of lululemon athletica inc. common stock will trade on the NASDAQ Global Select Market under the symbol “LULU” and on the Toronto Stock Exchange under the symbol “LLL”. For Friday, July 27, 2007, however, because the expected closing date for the offering is not until August 2, 2007, shares will trade on NASDAQ under the symbol “LULUV”.

 

Of the 18,200,000 shares being offered, 2,290,909 are being offered by lululemon athletica inc. and 15,909,091 are being offered by selling stockholders. To the extent that the underwriters sell more than 18,200,000 shares of common stock, the underwriters have the option to purchase up to an additional 2,730,000 shares from certain of the selling stockholders. lululemon athletica inc. will not receive any of the proceeds from the sale of the shares being sold by the selling stockholders.

 

Goldman, Sachs & Co. and Merrill Lynch & Co. are serving as joint book runners with Credit Suisse, UBS Investment Bank, William Blair & Company, CIBC World Markets, Wachovia Securities and Thomas Weisel Partners LLC serving as co managers for the offering.

 

The offering of the common stock may be made only by means of a prospectus, copies of which may be obtained when available from the prospectus departments of Goldman, Sachs & Co., Attn: Prospectus Department, 85 Broad Street, New York, New York 10004, via fax at 212-902-9316, or via e-mail at prospectus-ny@ny.email.gs.com; or from Merrill Lynch & Co., 4 World Financial Center, Attention: Prospectus Department (4th Floor), New York, New York 10080, phone: 212-449-1000.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy common stock of lululemon athletica inc., nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of the securities under the securities laws of any such state or jurisdiction.

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