Spotify will make its Wall Street debut Tuesday without the protections of a standard IPO. Yahoo Finance's Alexis Christoforous and Santosh Rao, Head of Research at Manhattan Venture Partners.
Spotify shunned the traditional IPO route and used a direct listing for its first day of trading on the NYSE. Santosh Rao, head of research at Manhattan Venture Partners, said the company has a unique story and the direct listing worked for it because the company didn't need money at this stage.
Santosh Rao, Head of Research at Manhattan Venture Partners, discusses Dropbox's IPO and outlook. He speaks with Jonathan Ferro on "Bloomberg Markets: The Open."