The organization previously had offerings in 1923, ’35, ’50 and ’97. The first three literally saved the franchise from bankruptcy, and proceeds from the fourth went toward the redevelopment of Lambeau Field, which was complete in 2003.
The Green Bay Packers, today started selling the organization’s fifth stock offering, with shares priced at $250.The team hopes to generate at least $22 million through the stock sale to help defray the cost of a $143 million renovation project at Lambeau.
The Packers will be offering 250,000 shares at $250 a piece to help pay for part of the renovations. Before the sale, there were 112,205 Packers stockholders who own a total of 4.75 million shares. The latest sale did have restrictions: Stock can only be purchased by individuals, not businesses, and there's a 200-share cap,
