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From SnapChat IPO: California high school makes $24 million

From SnapChat IPO: California high school makes $24 million

Saturday, March 4, 2017, 4:05 PM

A California high school has been literally showered with cash after Snapchat rang the bell at New York Stock Exchange to go public. The school had invested some $15,000 as far back as 2012, the school sold two-thirds of their shares at $17 and received $24 mn in return. Snapchat’s IPO is the first amongst the startups and leads way for other overheated startups.
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