The article explores why some companies' initial public offerings (IPOs) are underpriced. It suggests that when companies go public, they may care more about the quality of services provided by investment banks rather than just the price. The researchers found that when venture capitalists (VCs) focus on getting coverage from top analysts, the IPOs they back tend to be underpriced more. This means that companies backed by VCs with top analyst coverage may see their stock prices rise more after going public.