Valuation Expert Says the Latest IPOs are Too Expensive
This article was originally published on ETFTrends.com.
NYU Stern professor Aswath Damodaran has been dubbed “Wall Street’s Dean of Valuation,” so it’s almost obligatory to ask what he thinks of the latest initial public offerings (IPOs) from the likes of Lyft, Zoom and Pinterest. Taken together, there is one common denominator–they’re too expensive. Damodaran’s assessment comes as Uber is set to debut [...]