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Lululemon (LULU) IPO - Yoga Gear Maker Goes Public at Trader’s Narrative

Here’s a recent IPO that caught my eye - mostly because of my recent interest in yoga. The company is Lululemon Athletica (LULU), which started in British Columbia (Canada) but has expanded worldwide. I know them fairly well since there are a few stores around Toronto. But mostly, I find their products to be waaay overpriced. But the girls sure look cute in them :-)

Here’s the first day of trading (on Friday) - notice how it closed strong, in the face of a market that was getting demolished. This itself makes it a candidate to watch:

lululemon ipo first day chart.png

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