# Professor Aswath Damodaran weighs in on Aramco's valuation ahead of its IPO

1 Faculty News November 19, 2019 ![CNBC logo](/sites/default/files/styles/246w/public/assets/images/uat_027305.jpg?itok=Ipx0jiaQ)>

Excerpt from [CNBC](https://www.cnbc.com/2019/11/19/dean-of-valuation-aramco-valuation-is-right-but-he-wouldnt-buy.html) -- "NYU Stern professor [Aswath Damodaran](https://www.stern.nyu.edu/faculty/bio/aswath-damodaran), known as the 'Dean of Valuation' for his company analyses, says that Aramco more or less valued their IPO correctly, but that he still wouldn’t invest because of the inherent limited upside as well as the political risk that surrounds the world’s largest oil company."

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