Takedown(redirected from Take-down)
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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The price that members of an underwriting syndicate pay for a new issue. The syndicate has the responsibility to place the new issue with investors. The amount by which the underwriters' selling price exceeds the takedown represents their profit on the placement of the new issue.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.