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Report: Five Below eying IPO

3/21/2012

Philadelphia -- A Wednesday report by Reuters said that discounter Five Below is said to be considering an initial public offering.



The report, citing unnamed sources, said that the Advent International- and LLR Partners-owned chain has hired underwriters and is in discussions with bankers.



Five Below is in a growth mode and could potentially command a market valuation of over $1 billion.

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