Five Below IPO watch: U.S. specialty retailer Five Below announced to lift its IPO price range from $12-$14 substantially to $15-$17. Calculated by the median of the new Five Below IPO price range, the company’s IPO financing amount will increase to approximately $154 million, and market value will reach approximately $1 billion. Also read the old article: Five Below IPO prices at $12-$14.
Also read the update: Five Below IPO priced at $17, shares shot up.
Five Below is an US specialty chain retailer focusing on young people, it sells various of popular products to young people, including toys, snacks, clothing, education products, artware, and DVD. These merchandises price below $5. The company currently has 215 stores primarily located in eastern of the United States. According to the latest amendment to the registration statement on Form S-1, along with shop number and single-store sales growth, Five Below realized high speed growth in revenues and compound annual growth rate was 45%. Meanwhile, scale effect was obvious, profitability increased dramatically, and operating profit kept a 120% compound growth rate.
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