Blue Nile elects to be taken private after 12 years on the NASDAQ
November 08, 2016
Blue Nile has agreed to be taken private by Bain Capital Private Equity and Bow Street in a deal worth $500 million. Founded in 1999, the Seattle-based online jeweler raised millions of dollars from notable venture firms before taking the plunge into the public markets in 2004.
Online retailer Zulily took a similar path, raising $128 million in VC before completing an IPO in 2013; the company then was acquired by QVC's parent last August. A similar timeline isn't the only thing Blue Nile and Zulily have in common, however...