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The Firm represented the underwriters, led by Goldman, Sachs & Co. and Merrill Lynch & Co., in connection with the initial public offering of 20,930,000 shares of common stock of lululemon athletica inc. (including full exercise of the overallotment option), for a total of approximately $377 million. lululemon’s shares are dual-listed on the NASDAQ Global Select Market, under the symbol "LULU", and on the Toronto Stock Exchange, under the symbol "LLL". This is the largest IPO in Canada so far in 2007. 

lululemon is a Vancouver-based designer and retailer of yoga-inspired technical athletic apparel, with approximately 60 stores concentrated in Canada and the United States.

The Simpson Thacher team for the transaction included Kevin Kennedy, Dan Webb, Sam Kwak and Kyle Wirth; Mindy Lok (Intellectual Property); Mark Lab and Sean Cotton (NASD); Ben Applestein (Tax); and John Walgren and Matt Goldberg (paralegals). Summer Associates Philip Davidson and Alison Elafros also provided valuable assistance.