This custodian receipt template may be used in an initial public offering (IPO) in which there are selling stockholders. The custodian for the selling stockholders acknowledges receipt of the net proceeds from the offering and the representative for the underwriters acknowledges receipt of the stock certificates delivered by the custodian. This template includes practical guidance and drafting notes. The custodian receipt is usually not heavily negotiated and may be attached to the closing memorandum to ensure parties have no issues with it prior to closing. For a closing memorandum template, see Closing Memorandum (IPO). For more on IPOs generally, see Initial Public Offerings Resource Kit. For additional documents used in connection with the delivery and payment for shares sold by selling stockholders in an underwritten public offering, see Transmittal Letter (Delivery of Selling Stockholders' Shares by the Custodian), Transmittal Letter (Underwriters' Payment to Custodian; Public ...