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ravanelli77

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04/03/17

07:31

Post #: 23094659
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Originally posted by Pizzas4 ↑

This is the reason we are investing in SYT. We all dream of outcomes like this ...

Silicon Valley high school makes $24million in the Snapchat IPO five years after a parent convinced it to invest $15,000 in seed money
By Associated Press and Ashley Collman For Dailymail.com21:18 +11:00 03 Mar 2017, updated 06:22 +11:00 04 Mar 2017

The private Roman Catholic school held onto the investment until this week, when Snap shares sold for $17 each in an IPO. The share price rocketed another 44 per cent higher when trading began Thursday.

The school says they sold two-thirds of their 2.1million Class A shares at $17 each, to raise $24 million. The remaining 700,000 shares that they held onto are now worth more than $17million, after the stock closed at $24.48 a share on Thursday.

'The school's investment in Snap - which this morning announced the completion of its IPO - has matured and given us a significant boost,' said the high school president, Simon Chiu, in the letter.

And to be fair Snap was not even the first in the space Instagram was but Snap became more popular.

Plenty of parallels but think of the early investors with no patience in that one!

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Yep, exactly this is the reason why I will hold my SYT shares till the End. Hopefully this story never End! Thank you Pizzas4 for posting this! we will need nerves of steel to reach it!

SYT Price at posting: 2.8¢ Sentiment: Hold Disclosure: Held
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