Cross-Receipt
(IPO)


Summary

This template may be used to prepare a cross-receipt for an initial public offering (IPO) or other public securities offering. In this cross-receipt, the managing underwriter acknowledges receipt of the shares sold in the offering and the issuer company acknowledges receipt of the net proceeds from the underwriters. Delivery of a cross-receipt is commonly required as a closing item, as set forth in a closing memorandum. This template includes practical guidance, and drafting notes. For additional information on the IPO process, see Initial Public Offerings Resource Kit. For information on preparing for the IPO closing, see Initial Public Offering Process. For a template closing memorandum, see Closing Memorandum (IPO).