This research tries to analyze determinant of going public abroad. The determinants are
firm size, profitability and growth, foreign sales, size of the stock and bond market according to
Caglio, Hanley, Westberg (2010). This research would like to determine whether the findings
reported in previous studies can be confirmed with the selection of variables, also how that
determinant affect to go public abroad decision and what the primary driver may influence the
decision to go public abroad. The samples are firms from active market in Asia
region(China,India, Indonesia, Malaysia, Singapore, South Korea, Taiwan) which are 27 firms
issued foreign IPO in international capital market and 26 firms issued domestic IPO from 1999
until 2009. This research using logit analysis.
The logit analysis shows that firm size, profitability and growth, size of the stock and
bond market are insignificant, and only foreign sales showed significant result and positively
affect to going public abroad.