Lululemon, which designs and sells yoga-inspired apparel under the lululemon athletica brand in 57 stores, raised its expected price range by 50%, from $10 to $12 per share to $15 to $17 per share on Tuesday. The company now has a proposed market cap of nearly $1.3 billion. Joint book running managers Goldman Sachs and Merrill Lynch are expected to price the offering on Thursday.
