What is "underpricing"

Usage examples of "underpricing".

To sweeten the deal, the Iraqi government began significantly underpricing its oil--enough to both compensate the buyer for the surcharge and still keep the price per barrel 35 to 65 cents per barrel below market rate to give companies the incentive to violate the sanctions by paying the surcharge.

To sweeten the deal, the Iraqi government began significantly underpricing its oil—enough to both compensate the buyer for the surcharge and still keep the price per barrel 35 to 65 cents per barrel below market rate to give companies the incentive to violate the sanctions by paying the surcharge.

An hour into the first lecture—some dry cant about the underpricing of initial public offerings—his attention began to waver.