JEFMS Journal

ABSTRACT:

This research aim to examine the influence from leverage, profitability, company size, and underwriter reputation towards level of underpricing on initial shares at Indonesia Stock Exchange in 2019. The population from this research was company who did IPO in 2019. The sample chosen by purposive sampling technique. So it was selected of 51 companies. Data collection was carried out by took data from company's financial statements from its official Indonesia Stock Exchange website. This analytical method used multiple linear regression analysis with Assist of Eviews program version 10. The results showed that leverage, profitability and underwriter reputation had no significant impact on underpricing of initial shares at Indonesia Stock Exchange in 2019, company size had significant and negative impact on underpricing of initial shares at Indonesia Stock Exchange in2019.

KEYWORDS:

Leverage, profitability, company size, underwriter reputation and underpricing.

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