California school makes millions on Snapchat IPO

St. Francis, an exclusive Catholic high school in Mountain View, invested seed money in Snap in 2012. Simon Chiu, president of the school, announced the sale of the school’s stock during Snap’s public offering this week in a letter to parents,

Snapchat stock finishes up 44% on first day

After pricing the IPO at $17 per share yesterday, the stock opened at $24. It then closed the day at $24.51, a 44% premium to the people who bought it yesterday, reports with reference to TechCrunch. But like with all IPOs,