FIVE BELOW- We'll give them 24 months Message Board

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Non-Tech : FIVE BELOW- We'll give them 24 months

FIVE 189.89

+0.6%

Dec 26 9:30 AM EST

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From: Smiling Bob	7/19/2012 2:01:30 PM
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PHILADELPHIA (AP) -- Shares in Five Below Inc. are jumping nearly 54 percent in retailer's market debut. It priced its shares at $17 per share Wednesday. It stock price jumped to $26.16 within the first hour of trading Thursday. Five Below sells games, candy and other goods for preteens for $5 and less at its nearly 200 stores. It raised $163.5 million in the offering of 9.6 million shares. The Philadelphia company expects to use its anticipated $72 million in proceeds to pay off debt and for general corporate purposes.

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