# Professor Arun Sundararajan discusses Uber's IPO performance as it relates to the company’s overall business strategy

1 Faculty News May 17, 2019 ![CGTN logo ](/sites/default/files/styles/246w/public/assets/images/cgtn192x144.jpg?itok=ZR020S7w)>

Excerpt from [CGTN](https://america.cgtn.com/2019/05/17/uber-slump-after-ipo-points-to-concern-about-business-model-profitability) -- "The fact that Uber’s IPO was not the success story that it should have been isn’t really about the fundamentals of the company today, said [Arun Sundararajan](https://www.stern.nyu.edu/faculty/bio/arun-sundararajan), Professor of Business at New York University. 'It’s more about the fact that their valuation got too high too fast in the past and that severely constrained their ability to set a fair price for their IPO when they went public.'"

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