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How a Mountain View High School Cashed in on Snap

Lots of people stand to make a fortune when Snap goes public next week, including co-founders Evan Spiegel and Bobby Murphy and early investors like Lightspeed Venture Partners. Then there’s Saint Francis High School, of Mountain View, California.

An investment fund associated with the high school is believed to have been one of the earliest investors in Snap. While the size of its investment isn’t known, it’s likely to have reaped at least tens of millions of dollars in gains, if not significantly more.

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The Snap investment will be another home run. Even if the fund sold its stock before IPO, it would have likely reaped similar gains. Snap’s private market share price has been higher than $15 since early 2015.