Table 1 Descriptive analysis Variable...

Table 1

Descriptive analysis

Variable	Obs	Mean	Std. Dev	Min	Max
Offer price	117	0.65	0.43	0.12	2.2
Open price	117	0.74	0.46	0.14	2.7
Closing price	117	0.73	0.47	0.14	2.55
OSR	117	25.16	41.86	0.35	315.17
Initial return	117	0.21	0.39	−0.67	2.88
Board size	117	6.70	1.57	3	12
Total units offered (million)	117	119	225	11	2,150
High price day 1	117	0.818	0.51	0.16	2.73
Low price day 1	117	0.70	0.46	0.14	2.54
Price range	117	0.18	0.18	0.01	1.59
Volume on day 1 (million)	117	77.1	72	0.1157	368
Flipping	117	1.05	1.15	0.003	6.70
Private placement (PP) (million)	117	65.5	69.3	0	491.0
PP to total units offered	117	0.82	0.85	0	6.27
Underwriter reputation	117	0.33	0.47	0	1
Auditor reputation	117	0.44	0.49	0	1
Sharia-compliant status	117	0.7	0.46	0	1

Variable	Obs	Mean	Std. Dev	Min	Max
Offer price	117	0.65	0.43	0.12	2.2
Open price	117	0.74	0.46	0.14	2.7
Closing price	117	0.73	0.47	0.14	2.55
OSR	117	25.16	41.86	0.35	315.17
Initial return	117	0.21	0.39	−0.67	2.88
Board size	117	6.70	1.57	3	12
Total units offered (million)	117	119	225	11	2,150
High price day 1	117	0.818	0.51	0.16	2.73
Low price day 1	117	0.70	0.46	0.14	2.54
Price range	117	0.18	0.18	0.01	1.59
Volume on day 1 (million)	117	77.1	72	0.1157	368
Flipping	117	1.05	1.15	0.003	6.70
Private placement (PP) (million)	117	65.5	69.3	0	491.0
PP to total units offered	117	0.82	0.85	0	6.27
Underwriter reputation	117	0.33	0.47	0	1
Auditor reputation	117	0.44	0.49	0	1
Sharia-compliant status	117	0.7	0.46	0	1