Abstract:
This study was conducted to analyse whether there is a significant difference in
company financial performance using liquidity ratio, solvency ratio, profitability
ratio, and activity ratio, and company value using Q ratio, before and after their
Initial Public Offering (IPO). Data obtained from 76 IPO companies listed in the
Indonesia Stock Exchange (IDX) in 2023 and 1 year after IPO in 2024, and the data
were analyzed using the Wilcoxon Signed Rank Test to compare and analyse the
difference between the same companies in the two different periods. The result of
this study shows that liquidity ratio, solvency ratio, and profitability ratio have a
significant difference before and after IPO, and company value that is calculated
using Q ratio also has a significant difference before and after IPO, meanwhile,
activity ratio didn’t have a significant difference before and after IPO. This study
provides additional empirical evidence on the effect on a company's financial
performance and company value after conducting an IPO in the long term.
