Agreement among underwriters (US IPO)


Published by a ½Û×ÓÊÓƵ Corporate expert
Precedents

Agreement among underwriters (US IPO)


Published by a ½Û×ÓÊÓƵ Corporate expert

Precedents
imgtext

Agreement Among Underwriters (US IPO)

[insert number] Shares

(plus [insert number] Shares to cover over allotments, if any)

[COMPANY NAME]

Common Stock

[insert date], 20[insert year]

[Insert name of party]

[Insert name of party]

As Representatives of the Several Underwriters

c/o [Insert name of party]

[Insert name of party]

[Insert name of party]

Re: Public Offering of Common Stock of [COMPANY NAME]

Dear [insert text]:

We wish to confirm as follows our agreement with you with respect to the purchase, from [insert name of corporate entity], a [insert nature of corporate entity] corporation (the Company), of an aggregate of [insert number] shares (the Firm Shares) of the Company's Common Stock, par value $[insert number] per share (the Common Stock), as well as with respect to the purchase any of the [insert number] shares (the Optional Shares) of Common Stock which the Underwriters (as hereinafter defined) shall have determined to purchase from the Company pursuant to Section [insert section number] of the Underwriting Agreement (as hereinafter defined). The Firm Shares and the Optional Shares are hereinafter collectively referred to as the Shares.

    1. 1

      Underwriting

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Key definition:
Shares definition
What does Shares mean?

The CA 2006 merely provides that a share is a share in the company's share capital. A company's share capital comprises the number of shares issued by it to investors either on or after incorporation. Those investors then become the shareholders in the company. A shareholder’s shares are their personal property. By contrast, the assets of a company are owned by the company itself. Owning shares does not entitle a shareholder to any property rights in the company's assets.

Read more readmore

Popular documents

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a