Pengaruh Jenis Industri, Net Profit Margin, Financial Leverage, dan Ukuran Perusahaan Terhadap IPO Underpricing di Bursa Efek Indonesia

IPO underpricing is a phenomenon of stock prices when in the primary market is lower than when in the secondary market. This is very avoided by companies that do IPOs because the company cannot get maximum funds, but for investors it is very profitable because it can get profits when sold in the secondary market. The purpose of this study is to find out about what factors can affect the occurrence of underpricing IPOs in companies listed on the Indonesia Stock Exchange for the 2019-2021 period. These factors are Industry Type, Net Profit Margin, Financial Leverage, and Company Size. Sampling using a saturated sample technique, namely by placing all populations into a sample of 114 companies, then there were outlier data of 49 data so that the final sample in this study was obtained into 65 companies. This study used multiple linear regression analysis with hypothesis testing using SPSS 26 software. The results showed that Net Profit Margin does not affect IPO Underpricing, Industry Type affects IPO underpricing, Financial Leverage has a positive effect on IPO underpricing, and Company Size negatively affects IPO underpricing. This research is expected to be useful for parties who need information about IPO underpricing