Anyone interested in this one?
$58.1 million indicative market cap
$11.5 million raise @ $1.42 per share
Morgans is Sole Lead Manager and Underwriter to the Offer.
Camplify is a peer-to-peer digital marketplace connecting recreational vehicle (RV) owners to potential hirers.
Camplify offers a diverse network of RVs for rent from campervans to caravans to motorhomes, suitable for every outdoor adventure.
Camplify has grown to become a leading RV rental platform, with one of the largest RV fleets in Australia. Over the past 7 years the Camplify marketplace has facilitated over 50,000 user bookings to date, helped Hirers enjoy 1.5 million nights away and distributed over $35 million to RV Owners in Australia, New Zealand, the UK and Spain. Camplify receives a platform fee for facilitating the transaction and generates additional income from complementary products.
Over the last two years, the Company has experienced rapid growth. In Australia, Camplify has amassed a fleet of over 5,400 RVs from the over 740,000 registered RVs and offers a wide range of vehicle options distributed throughout each of the Companies operating markets. The Camplify business model has allowed this growth without the cost required to build or own fleet or maintain countrywide rental locations.
How Camplify works
• Premium membership allows Owners to list multiple RVs and monetise underutilised assets and create their own SMEs
• Cost of a typical RV is c.$50k, Owners can earn c.$5-12k a year providing a good ROI
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- IPOs
- Camplify Holdings Limited IPO (Morgans)
Camplify Holdings Limited IPO (Morgans)
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