What Does Closing Agenda Mean?
The closing agenda is a vital document that contains information on closure processes adopted for an initial public offering (IPO) or the sale of a business. Generally known as a closing memorandum, it:
- provides names of the working group members of the IPO or business sale;
- summarizes the important events occurring prior to and during the registration;
- provides the list of closure documents delivered at the closure of the offer and by each party; and
- has an annexure of standard formats for
- transmittal, and
- important instructions among other critical documents expected to be delivered by each party for completing the settlement.
The closing agenda is an important part of an IPO or sales process because this agenda is used to conclude the final settlement of the sale of shares or other securities in exchange for cash. This step ensures fulfillment of regulatory requirements of an IPO allowing for the seller of the security to receive the cash while the investor is delivered the securities.