MVP Print Media

How much is Spotify worth? Streaming service gets ready to go public this week

on April 2, 2018

According to Manhattan Venture Partners (MVP), a New York bank, Spotify shares had been trading on a grey market for up to $150 in the last fortnight – giving it an unofficial $26.5bn valuation. Grey market trading occurs outside of authorized channels and usually happens before an initial public offering.

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Spotify share trading hints at $25bn flotation for music streaming giant

on April 2, 2018

Manhattan Venture Partners (MVP), a New York bank that specializes in “grey market” trading for large private companies, said Spotify shares had been trading hands for as much as $150 in the last two weeks, a price that values the company at around $26.5bn.

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Dropbox: The company everyone wants to kill

on March 12, 2018

“Now, you don’t need to go to Dropbox to do all the functions that they have,” says Santosh Rao, who tracks Dropbox as head of research at Manhattan Venture Partners. “You can live without Dropbox.” That doesn’t mean Dropbox is doomed, but Rao says the company’s opportunity may be closer to Twitter (TWTR) than Facebook (FB). “It doesn’t have the mass appeal of a Facebook, but I think in a niche market, it has its presence,” he says.

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Music streaming service Spotify files for public listing in filing that highlights data analysis

on March 8, 2018

The odds are in favor of Spotify’s listing succeeding, said Santosh Rao, the head of research at Manhattan Venture Partners, which has acquired shares of the company sold in the private secondary market. “If this is a successful listing, I can see Airbnb doing it, Uber doing it,” Rao said. “But Uber and Airbnb are much bigger scale.”

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Spotify Files for Direct Listing, a Unique Step to Go Public

on March 8, 2018

The odds are in favor of Spotify’s listing succeeding, said Santosh Rao, the head of research at Manhattan Venture Partners, which has acquired shares of the company in the secondary market. “If this is a successful listing, I can see Airbnb doing it, Uber doing it,” Rao said. “But Uber and Airbnb are much bigger scale.”

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Dropbox avoids Snap’s IPO mistakes, but only slightly

on February 26, 2018

“That’s kind of become standard now with these tech companies,” said Santosh Rao, head of research at Manhattan Venture Partners. “They want to control the direction of the company. On a strategic sense it makes sense. But in the case of Snap, it was just too much, they had 90% of the voting rights.”

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With 70 Million Subscribers and a Risky IPO Strategy, Is Spotify Too Big to Fail?

on January 24, 2018

Today, estimates of Spotify’s market valuation are $19 billion, up from $16 billion in September. “It’s the golden boy, the ‘Star Wars’ of the music industry,” says Santosh Rao, head of research at Manhattan Venture Partners, who has been covering Spotify for several years.

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How Dropbox Could Lead a Charge of Tech IPOs in 2018

on January 17, 2018

Dropbox’s exposure to the enterprise market could give it an edge when it comes to discussions about its cloud rivals, which include big players such as Microsoft Inc. (MSFT – Get Report) , Alphabet Inc. (GOOGL – Get Report) , Apple Inc. (AAPL – Get Report) , Amazon.com Inc. (AMZN– Get Report) and Box Inc. (BOX – Get Report) , among others. Enterprise customers tend to be “stickier” because contracts last for about two to three years, while consumers can easily switch between cloud providers, said Santosh Rao, head of research at investment bank Manhattan Venture Partners.

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Spotify Chief Content Officer Stefan Blom Exits

on January 5, 2018

Stefan BlomSpotify’s chief content officer, is leaving the company after a little more than three years — and just as the music-streaming provider is about to launch an initial public offering.

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Multiple factors rally US stock markets in 2017

on December 28, 2017

There was much hype surrounding the technology and social media company Snap Inc., which debuted in March for investors who could see beyond Snap’s comedy filters that make us laugh.

“It can have e-commerce in there. It can have payments in there. Down the road, maybe you can get some gaming in there. So they have two or three levers that they can pull to keep the user base engaged and monetize them,” Santosh Rao of Manhattan Venture Partners said.

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