PENGARUH REPUTASI UNDERWRITER, UKURAN PERUSAHAAN, DAN RETURN ON EQUITY TERHADAP UNDERPRICING SAAT IPO DI BEI

This study aims to analyze the influence of the factors that influence underpricing on the Initial Public Offering (IPO). The sample of this study amounted to 102 companies that experienced underpricing in 2013-2017 which were listed on the Indonesia Stock Exchange, the sample was conducted based on purposive sampling technique, with the criteria of companies conducting IPOs on the IDX in the period 2013-2017 and experiencing the phenomenon of underpricing. The method of data analysis uses multiple linear regression using the SPSS 20 program. The findings of the study are that company size and return on equity have a significant negative effect on underpricing, while the underwriter's reputation does not affect underpricing. This shows that the higher the size of the company and return on equity, the lower the underpricing of the company. Unlike the reputation of the underwriter who has no influence on underpricing. Keywords: initial public offering, underpricing, underwriter reputation, firm size, return on equity