PENGARUH PROFITABILITAS, LEVERAGE, UKURAN PERUSAHAAN, DAN UMUR PERUSAHAAN TERHADAP UNDERPRICING SAHAM DI PERUSAHAAN YANG MELAKUKAN IPO DI BEI TAHUN 2020-2021

Abstract

Underpricing is a phenomenon where the stock price in the primary market is lower
than the stock price when traded in the secondary market. Many companies set their prices
too low and sufferunderpricing so that the funding obtained from the IPO is not optimal. This
study aims to determine the effectprofitability, leverage,company size and company
ageunderpricing shares. The population of this study are companies that are conducting an
IPO on the IDX in 2020-2021. Selection of samples using techniquespurposive sampling, the
samples obtained amounted to 86 companies. The data collection method used is data
documentation. The data analysis technique used in this study is multiple linear regression
analysis. The research results show thatprofitabilityand company size partially has no
significant effect onunderpricing share. Whereas,leverage and company age partially have a
significant effect onunderpricing shares