Here's the IPO pitch: invest in a company with no sales, an operating loss since inception and an idea for a product. It's not Silicon Valley calling--it's Tinseltown. Civilian Capital is selling shares of a movie, set to star Ethan Hawke, that starts filming next spring. Financing films through public partnerships is nothing new, but with Billy Dead (the movie's working title) Inc., the ante is much lower than normal. Shares are pegged at $8.75, with a 100-share minimum. The IPO, which is set to end Feb. 10, aims to raise $7.9 million. In theory, investors will be able to trade...
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