The correlation between financial leverage (using Debt to Asset Ratio) and IPO underpricingwere proofed in companies doing IPO in Indonesia during 2009-2013.
Statistical results can be infered that The higher financial leverage lead lower underpricing (otherwise applicable).
Based on regresion equation showed that the using of reputable underwriter and the higher financial leverage lead lower underpricing phenomenom proofed in companies doing IPO in Indonesia during 2009-2013.