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One California high school just made millions from Snap's IPO


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#1 Thirteen

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Posted 03 March 2017 - 09:10 AM

http://money.cnn.com...hool/index.html

 


Chiu is the president of Saint Francis High School in Mountain View, California. The Catholic school just happens to be one of the first investors in Snapchat (SNAP).

 

Five years ago, Saint Francis invested $15,000 in Snapchat. After the company's blockbuster public offering Thursday, that stake is likely worth millions.

 

On Thursday, Snapchat's parent company began trading on the New York Stock Exchange with a market value of $33 billion, or more than 7,750 times the valuation it had when the high school invested.

 

 

Aside from the fact that I can't wrap my head around why Snapchat would be valued at $33B...good for St. Francis High School.



#2 zenwalk

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Posted 07 March 2017 - 01:33 PM

Didn't realize they had any religion left in Silicon Valley. 


"A screaming comes across the sky. . ." -- Thomas Pynchon

#3 ivanbalt

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Posted 04 April 2017 - 12:19 PM

http://money.cnn.com...hool/index.html

 

 

 

 

 

 

 

Aside from the fact that I can't wrap my head around why Snapchat would be valued at $33B...good for St. Francis High School.

 

I'll never understand how companies are valued.  Just saw today that Tesla is now valued at more than Ford despite selling a fraction of the cars and continuing to lose money.






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