THE MOST ACCURATE VALUATION MODEL IN ORDER TO DETERMINING IPO PRICE IN INDONESIA STOCK EXCHANGE

dc.contributor.author	Khoirunnisa, Aktivani Naza
dc.date.accessioned	2019-04-02T10:57:12Z
dc.date.available	2019-04-02T10:57:12Z
dc.date.issued	2017
dc.identifier.uri	http://repository.president.ac.id/xmlui/handle/123456789/46
dc.description.abstract	This research is purposed to investigate the most accurate valuation models to determine Initial Public Offering (IPO) price in Indonesia Stock Exchange (IDX). The sample is a mining company which newly listed, PT Kapuas Prima Coal Tbk (ZINC) in October 2017. The sample data is in the form of forecasted financial statements. It was tested by 4 (four) valuation models which are Discounted Cash Flow (DCF), Dividend Discount Model (DDM), Economic Value Added (EVA) and Relative Price-Earnings (PE) and be compared to average post-IPO closing price. This research also investigates why ZINC IPO price was underpriced. The result is documented that DCF is the most accurate valuation model to determine IPO price and we also conclude that underpricing was set as bookbuilding result, in order to stimulating selling process and because of asymmetric information.	en_US
dc.language.iso	en_US	en_US
dc.publisher	President University	en_US
dc.relation.ispartofseries	Accounting;008201400008
dc.subject	Initial Public Offering	en_US
dc.subject	Valuation	en_US
dc.subject	Pricing.	en_US
dc.title	THE MOST ACCURATE VALUATION MODEL IN ORDER TO DETERMINING IPO PRICE IN INDONESIA STOCK EXCHANGE	en_US
dc.type	Thesis	en_US