The Green Bay Packers’ fifth stock offering has gone as well as expected as supporters have purchased nearly 250,000 shares according to the organization.
Packers Sell Nearly 250,000 Shares Of Stock
For only the fifth time, the publicly-owned Packers have made a stock offering and sold 250,000 shares of the franchise. They are expected to offer 30,000 more shares, as well.
Proceeds from the stock offering are expected to go toward a $143 million expansion of Lambeau Field that includes 6,700 seats and new video boards. The project willl be complete for the 2013 season.
The team has also announced that it will expand the offering by 30,000 shares to accommodate interest. The offering will continue until Feb. 29, 2012, unless the Packers sell all of their shares prior to that.
Shares are available at packersowner.com for $250, plus a $25 handling fee per transaction.
Stockholders receive voting rights and attendance at annual franchise owner meetings.
The Packers are the NFL’s only publicly-owned franchise. This is only the fifth stock offering in the history of the franchise, with previous offerings coming in 1923, 1935, 1950 and 1997.
For more on the Packers, visit Acme Packing Company.
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