Snapchat IPO: California school banks millions


Parents at Saint Francis High School in California include some of the world’s wealthiest technology investors.

To fund scholarships for less well-off families, they clubbed together and invested in technology stock.

But they never predicted that a $15,000 (£12,000) investment in a start-up called Snapchat would make them $24m (£19.5m), with many more millions to come.



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