DEFINITION of 'Takedown'
BREAKING DOWN '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.