# Prof. Aswath Damodaran discusses small investor participation in IPOs

1 Faculty News June 16, 2014 ![CNBC logo](/sites/default/files/styles/246w/public/assets/images/uat_027305.jpg?itok=Ipx0jiaQ)>

Excerpt from [CNBC](http://www.cnbc.com/id/101758434) -- "And if a small investor does get taken, so to speak, in a volatile IPO, then there's no one to really blame but the investor, said [Aswath Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran), a finance professor at the Stern School of Business at New York University. 'I don't see these online platforms as doing something that bankers don't do already. If they are going to attract small investors, and investors buy into their sales pitch, then that's a chance they take,' Damodaran said. 'If they want to play the game, let them play the game.'"

[Read more](http://www.cnbc.com/id/101758434)

Additional coverage appeared on [CNBC](http://video.cnbc.com/gallery/?video=3000284699&play=1).