James Allen, has received a $140 million equity investment

[Garry H (Cut Nut)]

R2Net, owner of jewelry e-tailer James Allen, has received a $140 million equity investment from Francisco Partners.

An article in the Israeli newspaper Globes says the investment gives Francesco Partners about 50 percent of the company, which would value it at approximately $300 million.
http://www.jckonline.com/editorial-article/james-allen-owner-receives-140-million-investment/

 

[Karl_K]

wow, I would have expected a much higher value in this day and age.

 

[Garry H (Cut Nut)]

Old fashioned business buying was based on earnings multiples. Earn $1m a year and a buyer may pay you $6M. Internet businesses were often traded at much higher multiples. The idea being one day they would make a profit. Look at Amazon and Uber et al.
The share value of Blue Nile was very very high compared to earnings or B&M store chains.