Lululemon Athletica: Pitching an IPO

The managing director at a major investment bank is preparing his team for a visit to Lululemon Athletica. The investment bank has been following Lululemon's development over the past few years and has dealt with the company. It believes that there is a window of opportunity for Lululemon's founder and private equity investors to either undertake an IPO or raise debt to fund Lululemon's U.S. expansion.