Etsy (NASDAQ: ETSY) has generated impressive gains since its IPO in 2015. It went public at $16 per share and it now trades around $127, so it could have turned a $1,000 investment into roughly $8,000 in just over seven years.

Etsy impressed the bulls by carving out a high-growth niche in custom and handmade products. Amazon (NASDAQ: AMZN) launched its own Handmade marketplace to challenge Etsy in 2015, but Etsy's first-mover's advantage, lower seller fees, and more lenient rules regarding self-promotion all enabled it to blossom in Amazon's shadow.

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Source Fool.com