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a. Companies who wants to go public
This
paper might
add some benefits
to potential
companies
who want to
go
public
in designing
their strategies
in pricing
their IPOs, depending
on their
marketing
method of pricing.
By carefully
strategizing
their IPOs, the
author hopes that it would increase the value of Indonesian Capital Market
b. Investors
This paper will
help
investors
in how they plan their strategy
to be active in
the
capital
market.
This
paper
could
widen
investors’
knowledge
in
predicting
the
prospects
of
the company
in
order
to
gain
optimal
returns
in
the stocks they wish to invest.
c. Academic Researchers and Readers
Fellow
academic
researchers
are
welcome
to
use
this
paper as
their
supporting
documents.
Readers
of this paper might find this
paper useful
in
increasing their knowledge about Indonesian Capital Market and Initial
Public Offerings.
1.4 Research Problems
For this paper, the author has two research problems.
The first research problem will
be addressing the aftermarket performance
of book built IPOs.
Research Problem 1:
Do
book
built
IPOs
affect
the
IPO
market
performance, in
terms
of
lower
underpricing and lower underperformance
in the long run?
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