Definition of Take Down

Take down is the price at which a syndicate purchases a new issue of securities from the issuer.

Applying "Take Down" to Securities Exams:

The syndicate will purchase the securities from the issuer at the take down price and resell the securities to investors are the public offering price. The difference between the take down price and the public offering price is known as the spread and is the compensation for the syndicate selling the securities.

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