Five Below (FIVE) 9.62M IPO Prices at $17/Share

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Five Below, Inc. (Nasdaq: FIVE) reports its initial public offering of 9,615,384 shares of its common stock has been priced at $17.00 per share. The shares will be listed on the Nasdaq Global Select Market and will trade under the ticker symbol "FIVE" beginning on July 19, 2012. Five Below is offering 4,807,692 shares of common stock and selling shareholders are offering 4,807,692 shares of common stock. The underwriters also have an option to purchase up to an additional 1,442,308 shares from certain selling shareholders. Five Below will not receive any proceeds from the sale of shares by the selling shareholders.

Five Below estimates that it will receive net proceeds from the offering of approximately $72.0 million, after deducting underwriting discounts and commissions and offering expenses. Five Below intends to use the net proceeds from this offering to repay at least $50.0 million of outstanding indebtedness under its new term loan facility and use any remaining proceeds for general corporate purposes, including working capital.

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