When Saint Francis sold two-thirds of its shares at $17 apiece, it reaped a massive return on investment. Saint Francis is firmly among the former, pledging to use the money to boost financial aid and improve campus facilities. “I know one person who isn't getting rich in the Snapchat IPO,” Sacca wrote. To that high school, Snapchat must have felt intuitive.”Some investors had to try more than once to get a piece of Snap. The fund held on to a third of its Snap shares, which could prove even more valuable.

Source: Los Angeles Times March 03, 2017 23:51 UTC