| Variables | N | Mean | SD | Q1 | Med | Q3 | Min | Max |
| underpricing | 352 | 0.330 | 0.341 | 0.081 | 0.245 | 0.514 | −0.142 | 1.519 |
| finance | 352 | 0.724 | 0.447 | 0.000 | 1.000 | 1.000 | 0.000 | 1.000 |
| experienced | 352 | 0.114 | 0.318 | 0.000 | 0.000 | 0.000 | 0.000 | 1.000 |
| gender | 352 | 0.722 | 0.449 | 0.000 | 1.000 | 1.000 | 0.000 | 1.000 |
| edu | 352 | 0.426 | 0.495 | 0.000 | 0.000 | 1.000 | 0.000 | 1.000 |
| lnage | 352 | 3.689 | 0.165 | 3.569 | 3.701 | 3.784 | 3.258 | 4.159 |
| lnwage | 352 | 11.920 | 0.620 | 11.513 | 11.887 | 12.281 | 10.612 | 13.677 |
| lag_number | 352 | 3.160 | 0.346 | 2.996 | 3.258 | 3.401 | 2.398 | 3.638 |
| market return | 352 | 0.002 | 0.043 | −0.029 | 0.002 | 0.028 | −0.100 | 0.106 |
| subscription | 352 | 1.163 | 1.129 | 0.553 | 0.800 | 1.259 | 0.290 | 7.164 |
| lag | 352 | 2.494 | 0.295 | 2.303 | 2.398 | 2.639 | 2.197 | 3.584 |
| IPO size | 352 | 10.929 | 0.540 | 10.550 | 10.870 | 11.272 | 9.846 | 12.332 |
| estyear | 352 | 4.743 | 0.346 | 4.500 | 4.741 | 4.956 | 3.970 | 5.455 |
| debt | 352 | 0.375 | 0.160 | 0.261 | 0.377 | 0.509 | 0.045 | 0.735 |
| size | 352 | 19.593 | 0.581 | 19.180 | 19.545 | 19.979 | 18.533 | 21.488 |
| Independ director | 352 | 0.370 | 0.051 | 0.333 | 0.333 | 0.429 | 0.333 | 0.600 |
| growth | 352 | 0.496 | 0.495 | 0.253 | 0.377 | 0.585 | −0.060 | 3.569 |
| ROA | 352 | 0.180 | 0.076 | 0.127 | 0.165 | 0.216 | 0.067 | 0.433 |
| cpa firm rank | 352 | 0.313 | 0.464 | 0.000 | 0.000 | 1.000 | 0.000 | 1.000 |