Still at an early stage, page-20

Here is the copy of a post that I placed on another thread today, which may partly explain what's happening now with Camplify

Cettire, DGL and now Camplify.
Interesting cases of stocks which have IPOed recently : December 20 for Cettire, end of May 21 for DGL and end of June 21 for Camplify.
Surprisingly, these stocks have stayed around their IPO price for some time, before benefiting from a significant rerating.

Not sure that these companies have many similarities, except that :
- they delivered on growth and have beaten (sometimes several times) their prospectus forecast.
- they have a good level of cash flow.
- in DGL and Camplify cases, the founders have not sold any share at the IPO. Clearly raised money to finance their growth.

The case of DGL is even more surprising, as the founder (Simon Henry) has bought a significant amount of shares on the market after the IPO and escrowed its shares (owned before IPO) for 2 years.

It probably just takes time for the market to appreciate these stories.
Their share price appreciation may also be justified by a market which has turned more towards stock picking.