Posted on 03/03/2017 4:03:18 AM PST by waus
A California high school has made millions of dollars from the initial public offering of shares in Snap Inc., the company behind the Snapchat photo messaging application.
(Excerpt) Read more at bloomberg.com ...
Yay! Now the teachers won’t have to buy the pencils with their own money.
Not SF, it is a Catholic School just north of San Jose. So I presume that they will plow the money back into the school. Since it is a private school, what they do with their money is their own concern.
It looks like the school board made a sound and fortunate investment. Good for them.
going to be tough to train them to be little commies after that
Just north of San Jose’ would be Silicone Valley.
Insider trading would be my guess.
Not that there’s anything wrong with that.
They may have made money but it is foolish for a school to make venture capital investments. WAY too much risk.
Lots of scholarships are soon to be available.
With a good investment that money will go even further
Give the money back to the taxpayers!
They sold shares at 17 to make the money but the price rose to 44.
Seems they could have made a lot more.
I know a guy who got in during an early round. In his VC group of 15 people, each guy put in $50K and they invested in ten different startups....one of which was Snapchat.
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