FAKTOR-FAKTOR YANG MEMPENGARUHI UNDERPRICING SAHAM PADA INTIAL PUBLIC OFFERING (IPO) DI BEI PERIODE TAHUN 2013-2017

Sari

The purpose of this study was to determine the effect offirm size, firm age, the percentage of shares
offered, underwriter reputation, financial leverage, and ROE (Return On Equity) to the underpricing
of stock in an Initial Public Offering (IPO). The data usedare secondary data that did IPO
companieslisted on the Indonesian Stock Exchange (BEI) in 2013-2017. Analysis data technique used
multiple linear regression.The results showed that the ROE has a significant effect on underpricing
and variables of firm size, firm age, the percentage of shares offered, underwriter reputation, financial
leverage in significant effected on underpricing.The results of simultaneously F test showed that there
was a significant difference between firm size, firm age, the percentage ofshares offered, underwriter
reputation, financial leverage, and ROE on underpricing of IPO shares.