# Professor Aswath Damodaran explains why he believes several of this year's most popular IPOs are overpriced

1 Faculty News April 23, 2019 ![CNBC logo](/sites/default/files/styles/246w/public/assets/images/uat_027305.jpg?itok=Ipx0jiaQ)>

Excerpt from [CNBC](https://www.cnbc.com/2019/04/23/wall-streets-valuation-guru-from-uber-to-pinterest-all-the-major-ipos-this-year-are-overpriced.html?dlbk&te=1&nl=dealbook&emc=edit_dk_20190424) -- "'All four are richly priced ... I’m a little scared of Uber at $100 billion. I think both Lyft and Uber are struggling with a way to convert revenue growth into profits. So you are paying $100 billion for a company that still doesn’t have a viable business model. That’s scary,' [Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran) says."

[Read more](https://www.cnbc.com/2019/04/23/wall-streets-valuation-guru-from-uber-to-pinterest-all-the-major-ipos-this-year-are-overpriced.html?dlbk&te=1&nl=dealbook&emc=edit_dk_20190424)