While you can't own a full dinosaur, you can own a stake in what could be the world's largest dinosaur fossil ever found, thanks to fractional investing and alternative asset platform Rally.
Here's a look at the company's second full-scale dinosaur offering and how you can own shares.
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Barosaurus Fossil IPO
On Oct. 22, Rally will IPO its latest dinosaur offering with its Barosaurus offering valued at $12.5 million. The offering will give investors a chance to buy in during the excavation process and capture additional upside with more bones still to be found before the fossil is sold to the billionaires such as Ken Griffin who are buying full-scale dinosaurs for tens of millions of dollars.
"Own the ~100ft. specimen while it's still being excavated," Rally's website reads on the Barosaurus offering.
Rally co-founder and chief product officer Rob Petrozzo tells Benzinga this is "one of the largest dinosaurs ever found" and will likely be one of the biggest dinosaurs ever sold publicly.
"Something of this size, this magnitude, is something we've never seen before," Petrozzo told Benzinga in an exclusive interview.
The Rally offering will allow investors to buy shares for $62.50 each with existing users already able to reserve shares. Reservation demand has been high for Rally, according to Petrozzo, which comes after the company's first dinosaur offering was oversubscribed.
Petrozzo said people are coming into the Barosaurus offering with "much higher conviction" than when they invested in the Stegosaurus fossil offering and in many cases are making larger investments.
"It has the chance to really reset the market when we bring it to auction."
Read Also: EXCLUSIVE: Rally Rd’s Rob Petrozzo On Alt-Assets, The New Educated Investor And The ‘Heartbeat’ Of Finance
Dinosaur Investment Opportunity
Rally highlights several factors that create potential upside to the value of this Barosaurus offering, which include rarity, completeness and scarcity.
For rarity, there are no fully mounted Barosaurus fossils currently. A Barosaurus can be found in the rotunda of the American Museum of Natural History in New York. This fossil on display is made of mostly composite ...
