Lululemon Prices High

Lululemon Corp., a Vancouver-based athletic apparel designer and retailer, raised $327.6 million via its IPO. The company sold 18.2 million common shares at $18 per share (above revised $15-$17 range and original $10-$12 range), for an initial market cap of approximately $1.24 billion. It will trade on both the Nasdaq and TSX, while Goldman Sachs and Merrill Lynch served as co-lead underwriters. Shareholders include Advent International, Highland Capital Partners and Brooke Private Equity Advisors.