Lululemon takes stock market by storm

Publish date:
Updated on

Yoga clothing manufacturer Lululemon took Wall Street by storm on Friday, despite an otherwise rocky market. Lululemon (on Nasdaq under LULU) stock opened at $25 and rose to $27.01. It raised $328 million in its IPO. The Vancouver company was founded by Chip Wilson who has 20 years experience in the surf, skate, and snowboard businesses. Do you wear Lululemon clothing? Thinking of investing?