Renaissance Capital's Kathleen Smith discusses boom in IPO market

Renaissance Capital Principal and co-founder Kathy Smith joins 'Squawk on the Street' to discuss high profile listings. "If it weren't for the seal of approval with Warren Buffett you have to look at this and say, gosh I'm buying a nosebleed territory. But 170 percent year over growth is pretty attractive. Hopefully they can show us earnings that go with that over time. All eyes will be on snowflake," Smith said.