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You're underpricing to attract business — or at least not to discourage business — and you are not making any money.
Larger initial returns occurred in the early stages of privatization, which is consistent with the hypothesis that governments use underpricing to be credible privatizators.
As underpricing is indirect cost of any issue for the firm, so issuer/regulators must set a specific range of underpricing to achieve its objective of dispersed ownership.
Jones et al., 1999argue that governments that allow less economic freedom should find it necessary to offer greater underpricing to signal SIP commitment.
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Yoga seems underpriced to me at $9.83.
By John Seabrook Bruce Springsteen, in underpricing tickets to his shows, inadvertently helped to create an orgy of speculation and scalping.
Berkshire Hathaway has beaten the market over the long run by investing in relatively low-risk stocks the market was underpricing, according to "Buffett's Alpha", a study by three economists, Andrea Frazzini, David Kabiller and Lasse Pedersen.
Such borrowers are blocked due to the problems just noted, particularly underwater mortgages and risk aversion by lenders, who've gone from massively underpricing risk to overpricing it.
This system was a powerful engine of wealth creation and lifted millions out of poverty, but it relied upon the risks to the Market and to Mother Nature being underpriced and to profits being privatized in good times and losses socialized in bad times.
First, they have become much less prone to underpricing risks and more willing to cut borrowers off, despite protests from customers and business associations.
The truly cynical may want to max out coverage, assuming that the government will underprice premiums to appease taxpayers and legislators who have pushed for this sort of program for years.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com