in IPO, Vancouver

Lululemon files for IPO

Lululemon logoLululemon, a hipper than thou yoga wear company, has filed for an IPO to raise as much as $230 Million.

Founded by Chip Wilson in 1999 after a particularly good yoga lesson, this Vancouver company?s beautiful stores (think Apple Stores for yoga gear) and high prices have stretched its share of wallets. The curious brand name was selected from an original list that included ?Athletically Hip?, wonder where they would be with a name like that…

A serial entrepreneur, Chip had previously founded Westbeach Sports, a surf skate and snow retailer, in 1979 and grew the company to 8 stores in Canada and an international wholesale business before selling the chain to a publicly traded US corporation.

The IPO might mark a good place to end coverage, here at StartupNorth. Congrats to Chip & the lululemon team.

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