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High school makes $24 million from Snap IPO

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. The board of the Saint Francis high school in Mountain View agreed to invest $15,000 in seed money in Snap in 2012, when the company was just getting started. They had been invited to do so by one of the student's parents, a venture capital investor, the high school president says in a letter issued to the school communit...

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