<![CDATA[This research was conducted with the aim of examining the impact of financial leverage, profitability and company size on the level of underpricing of initial public offering shares on the Indonesia Stock Exchange. The population used was 242 companies that conducted initial public offerings on the Indonesia Stock Exchange for the 2020-2023 period. The research sample was taken using a probability sampling technique, namely the cluster sampling technique. Based on this sampling technique, a sample of 190 companies were obtained that made an initial public offering on the Indonesia Stock Exchange and experienced the underpricing phenomenon. The data analysis technique used is multiple linear regression analysis with the help of eviews 13 software. The results of the research show that the profitability variable has an influence on the level of underpricing of initial public offering shares, while financial leverage and company size have no influence on the level of share underpricing.Penelitian ini dilakukan dengan tujuan untuk menguji pengaruh financial leverage, profitabilitas, dan ukuran perusahaan terhadap tingkat underpricing saham initial public offering di Bursa Efek Indonesia. Populasi yang digunakan yaitu 242 perusahaan yang melakukan initial public offering di Bursa Efek Indonesia periode 2020-2023. Sampel penelitian diambil menggunakan teknik probability sampling yaitu teknik cluster sampling.Berdasarkan teknik pengambilan sampel, diperoleh sampel sebanyak 190 perusahaan yang melakukan initial public offering di Bursa Efek Indonesia serta mengalami fenomena underpricing. Teknik analisis data yang gunakan yaitu analisis regresi linier berganda dengan bantuan software eviews 13. Hasil penelitian menunjukkan bahwa variabel profitabilitas memiliki pengaruh terhadap tingkat underpricing saham initial public offering, sedangkan financial leverage dan ukuran perusahaan tidak memiliki pengaruh terhadap tingkat underpricing saham.]]>
