Ariyanto, Ariyanto and Hasnawati, Sri and Hendrawaty, Erny (2020) Analysis of Factors Which Affect Company Shares Underpricing Level at Initial public offering (IPO) on the Indonesia Stock Exchange Period 2013-2018. SSRG International Journal of Economics and Management Studies (SSRG-IJEMS), 7 (8). pp. 73-76. ISSN ISSN: 2393 – 9125


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Alternative funding from an external company is through an inclusion mechanism that is generally done by selling company shares to the public or often known by going public terms. If the Company already decided to take Go Public at the beginning, have to start their initial company share known as Initial Public Offering (IPO). The absence of an observable previous market price to be used as a bid determination makes the initial stock price determination at IPO very difficult. If the price of shares on the primary market (IPO) is lower than shares price on the secondary market on the first day, then there will be a phenomenon of low prices on the initial offering market, which is referred to as Underpricing. Several factors affect the Underpricing, which are Underwriter Reputation, The Age of Company, The Company Size, and Return on Asset.

Item Type: Article
Subjects: H Social Sciences > HG Finance
Divisions: Fakultas Ekonomi dan Bisnis (FEB) > Prodi Manajemen
Depositing User: Dr Sri Hasnawati
Date Deposited: 05 Nov 2020 01:05
Last Modified: 05 Nov 2020 01:05

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