Snapchat IPO Winners Include Co-Founders And California High School

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There were some big winners from Snapchat’s initial public offering (IPO) yesterday. Shares in the company closed 44 percent above their listing price, making the company’s two co-founders worth more than $5 billion each.

The stock’s rise also paid off for a high school in California that made millions by investing in the company.

Here & Now‘s Jeremy Hobson speaks with Michael Regan (@Reganonymous) of Bloomberg News about what happened this week with the Snapchat IPO.

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