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. Syndicate

    A professional financial services group formed temporarily for ...
  3. Underwriting

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  4. Initial Public Offering - IPO

    The first sale of stock by a private company to the public. IPOs ...
  5. Bid-Ask Spread

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

    1. The issuance of new stock for public sale from a company that ...
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    Underwriters represent the group of representatives from an investment bank whose main responsibility is to complete the ... Read Full Answer >>
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    Nearly all financial advisors, particularly when new to the field, have to find their own clients. An employer may provide ... Read Full Answer >>
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