The company was founded in 1998 by Chip Wilson in Vancouver, British Columbia,[2] and sold its first pair of yoga pants that year.[3] In 2005, Wilson brought in investors to help oversee the company's initial public offering, including former Reebok executive Robert Meers.[4] Lululemon launched its IPO in July 2007, and raised $327.6 million after selling 18.2 million shares.[5]