Lululemon Raises IPO Stakes

Lululemon Corp., a Vancouver-based athletic apparel designer and retailer, has increased its IPO price range from $10-$12 per share to $15-$17 per share. It still plans to sell 18.2 million shares, and now would be valued at $1.17 billion, if it were to price at the high end of its revised range. Lululemon plans to trade on both the Nasdaq and TSX, with Goldman Sachs and Merrill Lynch serving as co-lead underwriters. Shareholders include Advent International, Highland Capital Partners and Brooke Private Equity Advisors.