Bigfoot To Enter The Market

Bigfoot Project Investments, Inc. is about to add some mystery to the U.S. stock market by becoming a publicly traded company after years of small-time operations.

The company, owned by Carmine Biscardi, will follow in the footsteps of Twitter Inc. TWTR by filing an IPO under the 2012 Jumpstart Our Business Startups Act.

The law allows emerging growth firms with less than $1 billion in annual revenue to host an initial public offering. Bigfoot Project more than qualifies with just $6,324 worth of sales and assets, mostly garnered by making movies selling DVDs.

Big Money For Bigfoot

In its filing with the SEC, Bigfoot Project said it hopes to raise $3 million, which the business will used to expand its movie making business and to “capture the creature known as Bigfoot.”

Several other Bigfoot themed businesses have been able to raise substantial amounts of money from supporters of the search, but the Bigfoot Project will be the first to aim for such a large sum.

Bigfoot Or Big Flop?

The venture is unlikely to garner much cash, though. Many Bigfoot enthusiasts say the Biscardi’s company makes a mockery of what they consider to be a serious pursuit.

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In the past, Biscardi has been chastised by his peers after his sightings didn’t pan out, with some calling his company a mere publicity stunt. Investors who don’t believe Bigfoot exists are also expected to shy away as without the possibility of the creature’s capture on the table, the company is generating most of its revenue from DVD sales.

Still, some die-hard believers in the elusive Sasquatch may be willing to cough up the cash in hopes that Biscardi will finally capture Bigfoot.