DEFINITION of 'Takedown'

1. The price at which underwriters obtain securities to be offered to the public.

2. The portion of securities that each investment banker will distribute in a secondary or initial pubic offering.


1. The takedown will be a factor in determining the spread or commission underwriters will receive once the public has purchased securities from them. A full takedown will be received by members of a syndicate. Dealers outside of the syndicate receive a portion of the takedown while the remaining balance remains with the syndicate.

2. In a shelf offering, underwriters essentially 'take-down' securities off the shelf.

  1. Investment Bank - IB

    A financial intermediary that performs a variety of services. ...
  2. Commission

    A service charge assessed by a broker or investment advisor in ...
  3. Syndicate

    A professional financial services group formed temporarily for ...
  4. Initial Public Offering - IPO

    The first sale of stock by a private company to the public. IPOs ...
  5. Underwriting

    1. The process by which investment bankers raise investment capital ...
  6. Bid-Ask Spread

    The amount by which the ask price exceeds the bid. This is essentially ...
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