Takedown

Dictionary Says

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.

Investopedia Says

Investopedia explains 'Takedown'


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.

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