Green Bay Packers Expand Size of Stock Offering

(MarketWatch) - In the face of strong interest among its fans, the Green Bay Packers are increasing the size of the team's recently announced stock offering by 30,000 shares, bringing the total up for sale to about 280,000.

At a price of $250 as set by the Super Bowl XLV champions, this works out to $70 million.

Proceeds will be applied toward a portion of the costs of expanding the team's Lambeau Field stadium in Wisconsin.

It is the fifth time that the storied NFL franchise has offered stock, although the shares come with none of the voting rights that publicly held companies offer.

The Packers' offering will continue until Feb. 29 or end sooner if the maximum number of shares are sold. No one may buy more than 200 shares.

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