IPO PRICING MODEL AT THE INDONESIA STOCK EXCHANGE (IDX) USING BLACK AND SCHOL…

One of financial managers’ duty is to find out an optimal capital structure of their company. From some methods, one of the most used is bring in another owner equity, in this case the public. Data showed that there was still a high number of undervalue IPO. For the period of 2009 until 2013, from 112 companies conducted IPO, there were more than 65% experienced undervalue for the first thirt…