lululemon's IPO looks like an easy poseAaron Pressman
Initial public offerings of specialty retailers have been hot for a while now, perhaps starting with Crocs (Symbol: CROX). The not-plastic (as I used to think) shoe maker went public in February, 2006, at $$21 a share and jumped 35% the first day of trading. As I look around our household, I see three pairs owned by my three-year-old, a pair for my seven-year-old and two pairs for his big sister who’s almost nine. Today, Crocs shares stand at $48, more than double the IPO price. Since then, there’s been a string of successes including J. Crew (JCG), getting ready to triple in price from its IPO in June, 2006, and Bare Escentuals (BARE), up 35% since last September. From 2005, shoe warehouse DSW (DSW) has risen 84%.
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