An IPO that’s puttingtting its best ’foot forward

You’ve heard of unicorns on Wall Street. Well, another “mythical” creator is coming out in public: Bigfoot (depicted at left).

While unicorns are those startup tech companies with $1 billion valuation based on early rounds of venture capital funding, Bigfoot Project Investments is a firm in search of funding through an initial public offering to find the ape-like creature that supposedly roams the forests around the world.

Last week, BPI filed with the Securities and Exchange Commission looking to raise $15 million with its initial public offering based on a 75 cents-per-share offering.

The company describes its business model thus: Bigfoot Project Investments Inc. plans to establish itself as the most reliable and dependable source for materials including documentaries, physical evidence, and eyewitness accounts for the purpose of documenting the evidence of the existence of Bigfoot.

Among the assets the company listed in its S-1 filing:

Footprint casts of Bigfoot — 73 original casts 109-inch skeleton Various media artifacts — video TV news media — 52 news stories Rubber suit from 2008 hoax Various DNAsamples — hair and nails

360 hours of raw footage from expeditions for movie development.

The Redwood City, Calif.-based company gives potential investors fair warning in its filing by stating: “Because the Securities and Exchange Commission imposes additional sales practice requirements on brokers who deal in our shares that are penny stocks, some brokers may be unwilling to trade them.

“What this means is that you may have difficulty reselling your shares and this may cause the price of the shares to decline.”

So let it suffice to say that profits from the stock may be as elusive as a sighting of Bigfoot itself.