Suyetnan, Theresia (2018) Underpricing ipo saham sektor manufaktur dengan analisis ROA, EPS, DER. Jurnal Manajemen: Untuk Ilmu Ekonomi dan Perpustakaan, 4 (1).

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Abstract

In the process of go public, before trading in the secondary market, shares first sold in the primary market or is called initial market. The initial stock offering to the public through the primary market is known as an initial public offering (IPO). If the stock price on the primary market (IPO) is lower than the stock price on the secondary market at the first day, there will be a phenomenon of the low price in the IPO, which is called underpricing. In 2012-2017, from 122 IPO company, 102 company have been through underpricing, based on it Cn be seen that underpricing which occurred in 2012-2017 is 83.61%. This research aims to analyze the factors that affect underpricing on IPO at the Indonesia Stock Exchange In 2012-2017. Sample that selected based on purposive sampling as many as 17 companies. The data collected is a secondary data that is company prospectus. The method of analysis used multiple linear regression model and the results showed that all the independent variables, Debt to Equity Ratio, Return on Assets, Earnings per Share, has no effect simulatanious on underpricing. Partially shows that the Debt to Equity Ratio, Return on Assets, Earnings per Share, has no effect on underpricing.

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