Takedown

http://www.investopedia.com/terms/t/takedown.asp

 

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. 
 Investopedia explains '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. 

Definition of 'Shelf Offering'
A Securities and Exchange Commission (SEC) provision that allows an issuer to register a new issue security without selling the entire issue at once. 
 Investopedia explains 'Shelf Offering'
The issuer can sell portions of the issue over a two-year period without re-registering the security or incurring penalties.