By  on July 19, 2012

Teen and preteen discount retailer Five Below on Thursday saw strong investor support in its first day of trading as a public company that sent its shares up as high as 73.1 percent from where it priced the night before.

The Philadelphia-based firm priced its shares at $17 each Wednesday night, which was at the top end of its pricing range. The shares opened at $26.10, and ended the trading session up 55.9 percent to close at $26.50 after rising as high as $29.43 in intraday trading.

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