takedown (redirected from Take downs)

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.

Notes:

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.

See also: Bid-Ask Spread, Commission, Investment Bank, Initial Public Offering - IPO, Secondary Offering, Shelf Offering, Spread, Syndicate, Underwriting

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Takedown

The share of securities of each participating investment banker in a new or a secondary offering, or the price at which the securities are distributed to the different members of an underwriting group.

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takedown

1. An investment banker's share of a new security offering.

2. The price paid by an underwriter for securities to be sold as part of a new issue.