Anyone could soon own a piece of a dinosaur

Jurassic Park enthusiast? Mark your calendar. Rally, an alternative asset investment platform, is launching an IPO for a stegosaurus skeleton later this month.

The 160-million-year-old skeleton, nicknamed “Steg,” is being valued at $13.75 million. And with 200,000 shares becoming available, this means anyone with $68.75 to blow could own a piece of The Land Before Time (though similar to an NFT, you can look, but you can’t touch).

• Rally plans to display the skeleton – ~69% of which has been recovered so far – for 8-12 months, then explore a sale via auction house.
• Other dino skeletons sold at auction houses since 1997 have fetched anywhere from a few million dollars to $44.6 million.

Zoom out: Alternative investments – which include real estate, venture capital, art, wine, Mickey Mantle’s childhood home, and, of course, dino remains – are growing in popularity, in part due to companies like Masterworks, Alts.co, and Rally that have made them easier to access. The global alternatives industry is projected to increase from $16.8 trillion assets under management at the end of 2023 to $29.2 trillion by 2029, per a recent report from data firm Prequin.

📅 Save the date: The stegosaurus auction opens on December 20.