Snapchat makes school $24 million richer

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One California high school is millions of dollars richer because of a small investment it made in 2012. 

That’s when the board of Saint Francis High School in Mountain View decided to take a $15,000 risk on a new company named Snapchat. 

In a letter to the school community, high school president Simon Chiu said, "The school's investment in Snap — which this morning announced the completion of its IPO — has matured and given us a significant boost." 

A “significant boost” to the tune of $24 million. That could buy a lot of graphing calculators. 

But the best part is Saint Francis High School still has one-third of its stock remaining.

 

Thanks for the flower crown, Saint Francis. Thanks for the flower crown.

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