Analysis of Abnormal Return of Issuer’s Stock after IPO during the Covid-19 Pandemic

The Covid-19 pandemic based on Presidential Decree Number 12 of 2020 was declaredon April 13, 2020. During this Pandemic, many companies offer their shares to the public or known as Initial Public Offering (IPO). This study aims find out highest abnormal returns issuers' stock after IPO during Pandemic. sample used in 70 that IDXafter status declared Indonesia, namely from 15, 2020-November 25, 2021. research is a descriptive quantitative anddescriptive statistical analysis techniques calculate and cumulative each stock. results showed cumulatively, return stocks within 20 months owned by TECH technology sector with value 23,562. Meanwhile, lowest DEPO consumer cyclicals 0.624. can be considerationby investors who want invest prolonged outbreaks such