NEW YORK, July 19, 2012 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that Five Below, Inc. (Nasdaq:FIVE), a rapidly growing specialty value retailer, successfully completed its initial public offering on The NASDAQ Stock Market. Shares of Five Below began trading today, July 19, 2012 on The NASDAQ Global Select Market under the ticker symbol "FIVE."
Five Below is a rapidly growing specialty value retailer offering a broad range of trend-right, high-quality merchandise targeted at teen and pre-teen customers. Headquartered in Philadelphia, but operating more than 200 locations across 18 states, Five Below offers a dynamic, edited assortment of exciting products, all priced at $5 and below, including select brands and licensed merchandise across a number of categories – Style, Room, Sports, Media, Crafts, Party, Candy and Seasonal.
"We are thrilled to welcome Five Below to our family of listed companies," said Bob McCooey, Senior Vice President, Head of New Listings, NASDAQ OMX. "We congratulate Five Below on their initial public offering and look forward to a successful and enduring partnership with the company and its shareholders."
Since its foundation, NASDAQ OMX has consistently been the exchange of choice for some of the world's largest and most revolutionary companies. By listing with NASDAQ, Five Below joins leading specialty retail companies including lululemon athletic inc. (Nasdaq:LULU), Francesca's Holdings Corp (Nasdaq:FRAN) and Dollar Tree Inc. (Nasdaq:DLTR).
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The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
CONTACT: Jennifer Knapp +1 212 401 8916 Jennifer.Knapp@nasdaqomx.com
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