Five Below (FIVE) Closes IPO and Exercises Option to Purchase Additional Shares

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Five Below, Inc. (Nasdaq: FIVE) announced the closing of its initial public offering of 9,615,384 shares of its common stock at a price to the public of $17.00 per share. In connection with the initial public offering, the underwriters exercised in full their option to purchase an additional 1,442,308 shares of common stock from certain selling shareholders to cover over-allotments. As a result, the total initial public offering size was 11,057,692 shares. Five Below will not receive any proceeds from the sale of shares by the selling shareholders.

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