MVP Print Media

Spotify’s Direct Listing IPO Could Be ‘Historic’ for Tech Unicorns

on April 3, 2018

Santosh Rao, head of research at Manhattan Venture Research, said the direct listing prevents any forced buying or selling and does not include a lock-up period. Going public also won’t change much about the company’s reporting, which has been quite transparent, according to Rao. “This is the way the company has been positioned all along,” Rao said. “Being a European company, they are required to disclose financials every year anyway.”

Read More

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.

Read More

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.

Read More

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.

Read More

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.”

Read More

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.”

Read More

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.”

Read More

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.

Read More

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.

Read More

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.

Read More

Join 15k Venture Bytes Subscribers

Venture Bytes is a monthly insight report highlighting topical ideas, current trends and emerging opportunities in the global technology landscape