Packers Announce Results of Sixth Stock Exchange
PACKERS SIXTH STOCK OFFERING ADDS 176,160 NEW SHAREHOLDERS
Total of 179,482 fans purchased shares in support of Lambeau Field projects
The Green Bay Packers’ sixth stock sale, which ended Feb. 25, was an outstanding success, with the organization adding 176,160 new shareholders, the team announced Thursday.
While exact totals are not yet available, more than 198,000 shares were sold at $300 each during the offering that began on Nov. 16. Including previous offerings, the organization now has more than 537,000 shareholders.
Approximately $65.8 million was raised during the offering, with net proceeds going toward ongoing construction projects at Lambeau Field, including new video boards and concourse upgrades.
“We were very pleased with the enthusiastic response from our fans during the recent stock offering,” said Packers President/CEO Mark Murphy. “We are proud to welcome a new generation of shareholders from across the country and Canada. Their support is a critical component of our ability to continue enhancing the fan experience and investing in Lambeau Field. Maintaining our stadium as a top-tier facility that serves as a year-round destination contributes to the sustained success of both the franchise and our community.”
New shareholders joining the ranks include fans in Wisconsin, who account for approximately 17 percent of the shares purchased in the recently completed offering. Next in order were fans in California (8 percent), Texas (5 percent), Illinois (5 percent), Florida (4 percent) and New York (3 percent). In Canada, Packers fans purchased approximately 3,500 shares.
New shareholders who have questions about their orders can call 855-846-7225 (855-8GOPACK).
The Packers’ first five stock sales in their history took place in 1923, 1935, 1950, 1997 and 2011. The 2011 sale, with shares priced at $250, added more than 250,000 new shareholders and raised $67.4 million toward a new entrance tower and viewing platform in the north end zone and an expansion that added roughly 6,600 seats to the south end zone. That project was completed in 2013. The 1997 sale, with shares priced at $200, added 105,989 new shareholders and raised more than $24 million, which was used for the Lambeau Field redevelopment project completed in 2003.