Blue Nile is obviously proving that its business works and that it can be quite profitable in the process. That's the appeal to investors. |
But [the company] projects to really explode. |
It could be that an IPO will help Stephens liquidate its ownership in the company, |
spurred by the broader setback in the technology sector. |
This is a great sign for Internet stocks and small caps, ... certainly overvalued. |
When the door opened in April and had market conditions improving you had pent-up backlog for these deals. |
When you have a couple of deals do well, you'll have more investors sit up and take notice. |