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.
- Forums
- ASX - General
- Strong performance for small caps
Cettire, DGL and now Camplify.Interesting cases of stocks which...
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
RDN
RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
SPONSORED BY The Market Online