Muhammad Andi, Abdillah Triono - 2010
or overvalue after listed in stock market. Undervalue phenomena of Initial Public Offering (IPO) has common in the stock … companies with 78.45% were undervalue, 14.66% overvalue, and 6.89% at price on the closing of first trading day. On the closing … of the 30th trading day the stock price became 62.92% undervalue, 30.17% overvalue and 6.89% constant. Many research and …