Reuters: Regulatory News: UPDATE 1-Five Below files for IPO of up to $150 mln

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UPDATE 1-Five Below files for IPO of up to $150 mln Apr 18th 2012, 11:38 Wed Apr 18, 2012 7:38am EDT April 18 (Reuters) - Specialty value retailer Five Below Inc filed with U.S. regulators on Wednesday to raise up to $150 million in an initial public offering of common stock. Five Below, which prices all its products at $5 or below and targets teen and pre-teen customers, said Goldman Sachs, Barclays and Jefferies were underwriting the IPO. The Philadelphia-based company is backed by funds managed by private equity player Advent International. The filing did not reveal how many shares the company planned to sell or their expected price. Five Below intends to list its common stock on the Nasdaq but did not disclose the symbol it would list under, it said in a preliminary prospectus with the U.S. Securities and Exchange Commission. The amount of money a company says it plans to raise in its first IPO filing is used to calculate registration fees. The final size of the IPO could be different.

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