The Effect of Underwriter Reputation, Percentage of Share Offering, and Firm Size on Stock Underpricing in Companies Conducting Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX) for the 2023 - 2025 Period

Muhammad Muslih Hidayatullah; Nur  Aini

doi:10.63922/ijebir.v5i05.5398

Muhammad Muslih Hidayatullah Institut Teknologi dan Bisnis Semarang
Nur Aini Institut Teknologi dan Bisnis Semarang

DOI: https://doi.org/10.63922/ijebir.v5i05.5398

Keywords: Underwriter Reputation, Percentage of Share Offering, Firm Size, and Stock Underpricing

Abstract

This study aims to examine the effect of Underwriter Reputation, Percentage of Share Offering, and Firm Size on Stock Underpricing in companies conducting an Initial Public Offering (IPO) on the Indonesia Stock Exchange for the 2023-2025 period. The data used in this study is secondary data obtained from the official website of the Indonesia Stock Exchange. This study uses a purposive sampling method, with a total sample of 115 companies. Data analysis was performed using the multiple linear regression method with the assistance of the IBM SPSS version 24 application. The results of this study indicate that Underwriter Reputation has a significant negative effect on Underpricing, while Percentage of Share Offering has a significant positive effect on Underpricing. However, Firm Size does not have a significant effect on Underpricing.

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