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Today, we’re covering a copy of Giant Size X-Men #1 that is IPO’ing at Rally Road on Wednesday, August 25th at 12 PM EST.
Giant-Size X-Men #1 CGC 9.8
About the asset
This is a copy of Giant-Size X-Men #1 graded CGC 9.8 – one of 196 copies to receive that grade. It is the first comic to feature Wolverine as a member of the X-Men and it is the first appearance of classic characters Storm, Nightcrawler, Colossus and (less classic) Thunderbird. It represented a transition between the original X-Men and a newer crop of heroes.
Rally purchased this copy for $57,000 on June 4th, 2021.
For this asset, Insiders also learned:
- Projected growth trend
- Full valuation
- Asset class volatility
- Our verdict on the asset as an investment
About the drop
This asset will drop on Rally Road at 12 PM ET on August 25th, 2021 for $64,000. There is no retained equity. Rally Road typically schedules the first trading window between 3-5 months after the IPO funds and the assets are supposed to then trade quarterly, but the schedule has been erratic.
Add IPO to calendar
About the X-Men
Wyatt wrote about the X-Men back in March. Suffice to say, an issue that introduced the most popular X-Men character (Wolverine) to the team and also marked the first appearance of a few other well-known characters (who feature in the movies) carries significant cultural cachet.
Recent Sales and Current Valuation
Keep in mind, there is an identical copy that trades on Otis daily — its current market cap is $55,000.