California Highschool Made Millions From Snapchat IPO

Back in 2012 when Snapchat was just getting started, the board of┬áSaint Francis high school in Mountain View agreed to invest $15,000 in the company. Well one of the student’s parents is a venture capital investor and he invited the school to invest the money.

When Snap Inc. went public the school sold two thirds of its shares at $17 per share and managed to raise $24 million.

Via WTOP

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