It’s finally happened, Lululemon is going public. I found a article from Yahoo News – Athletic apparel maker Lululemon to use IPO to fund store expansion. Lululemon will be registered in the US. They have plans to expand their menswear business in the near future and add more stores to the US and Canada. In 2005, owner Chip Wison sold 48 per cent of his stake in the company to a group of private-equity investors led by Advent International Corp.