Abstract:One of the means for companies to carry out an initial offering of shares or what is commonly known as an Initial Public Offering (IPO) in the primary market. In conducting an initial share offering there is an underpricing phenomenon. Underpricing is a phenomenon where the initial offering price of shares is lower than the closing price of shares on the first day on the secondary market. The aim of this research is to determine the factors that influence the level of underpricing. The independent variables st… Show more
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