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lululemon athletica inc. Announces Pricing of Initial Public Offering
lululemon athletica inc. Announces Pricing of Initial Public Offering.
About this update from Lanebury Growth Capital Ltd.
[{"type":"text","content":"\n\n\n\nVANCOUVER, BRITISH COLUMBIA, July 27 /CNW/ - lululemon athletica inc.\nannounced today its initial public offering of 18,200,000 shares of common\nstock has been priced at U.S. $18.00 per share. Shares of lululemon athletica\ninc. common stock will trade on the Nasdaq Global Select Market under the\nsymbol "LULU" and on the Toronto Stock Exchange under the symbol "LLL". For\nFriday, July 27, 2007, however, because the expected closing date for the\noffering is not until August 2, 2007, shares will trade on Nasdaq under the\nsymbol "LULUV".\n\n\nOf the 18,200,000 shares being offered, 2,290,909 are being offered by\nlululemon athletica inc. and 15,909,091 are being offered by selling\nstockholders. To the extent that the underwriters sell more than 18,200,000\nshares of common stock, the underwriters have the option to purchase up to an\nadditional 2,730,000 shares from certain of the selling stockholders.\nlululemon athletica inc. will not receive any of the proceeds from the sale of\nthe shares being sold by the selling stockholders.\n\n\nGoldman, Sachs & Co. and Merrill Lynch & Co. are serving as joint book\nrunners with Credit Suisse, UBS Investment Bank, William Blair & Company, CIBC\nWorld Markets, Wachovia Securities and Thomas Weisel Partners LLC serving as\nco-managers for the offering.\n\n\nThe offering of the common stock may be made only by means of a\nprospectus, copies of which may be obtained when available from the prospectus\ndepartments of Goldman, Sachs & Co., Attn: Prospectus Department, 85 Broad\nStreet, New York, New York 10004, via fax at 212-902-9316, or via e-mail at\[email protected]; or from Merrill Lynch & Co., 4 World Financial\nCenter, Attention: Prospectus Department (4th Floor), New York, New York\n10080, phone: 212-449-1000.\n\n\nThis press release shall not constitute an offer to sell or the\nsolicitation of an offer to buy common stock of lululemon athletica inc., nor\nshall there be any sale of the securities in any state or jurisdiction in\nwhich such offer, solicitation or sale would be unlawful prior to the\nregistration or qualification of the securities under the securities laws of\nany such state or jurisdiction.\n\n\n","length":2300,"tagName":"div"}]