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The Seville’s solely accessible transmission was the three-speed Turbo Hydra-Matic 375, a smaller version of the THM 400. Brakes consisted of 11-inch discs up entrance and extensive 11-inch drums aft. The live rear axle came instantly from the Nova, but used a comparatively high 2.56:1 differential ratio, which helped fuel economy. Mileage estimates ranged from 17 to 21 mpg, which for a 1976 Cadillac was phenomenal. Full-sized Cads were still turning in single-digit gasoline figures.
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So what occurs on the actual morning of the IPO? The money from the massive buyers flows into the corporate’s checking account, and the massive traders begin selling their shares at the general public change. All of the trading that happens on the stock market after the IPO is between investors; the company will get none of that cash instantly. The day of the IPO, when the money from large buyers hits the corporate bank account, is the one cash the company will get from the IPO.