The Green Bay Packers sold almost 200,000 stocks during the franchise’s sixth-ever stock offering, the team announced Thursday. The proceeds from the sale amounted to $65.8 million, which will be used by the Packers to upgrade Lambeau Field.
According to the team, the publicly-owned Packers now have 537,000 shareholders. The stock sale ended on Feb. 25.
The team plans to use the money raised to upgrade the concourse and upgrade the video boards at Lambeau Field.
From Packers president Mark Murphy: “We were very pleased with the enthusiastic response from our fans during the recent stock offering. 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.”
The stock sale was the team’s first since 2011.
The Packers use the offerings to invest in improvements for Lambeau Field and the surrounding areas. Stocks were sold at $300 apiece.
