Thursday, August 02, 2007

Speaking of IPOs. Lululemon is off and running

The controversial IPO for yoga retailer Lululemon launched last week, to great hullabaloo.

Reuters: Lululemon stock jumps 50 pct in eagerly awaited IPO

Here's their chart

So far it's been a field day for the issue's originators, and the prime brokers who snarfed up the issue, and who then found an eager crop of retail investors to flip the units to. Let's see, the market cap is now, what, only 297 times their net profit? That's pretty dot-comical for a garment maker.

This is getting better and better.

Watch this space.

Sphere: Related Content

No comments: