In the first 11 minutes that Green Bay Packers stock was available for sale today, fans bought up $400,000 in certificates that basically have no value – that according to Bloomberg.com.
Packers president Mark Murphy was quoted as saying, “This is a significant and historic time for the organization. In the first 11 minutes, we had 1,600 sales.”
The Packers are raising money to help pay for a $143 million renovation of Lambeau Field that will add two gates, new scoreboards, a new sound system and about 6,700 seats before the start of the 2013 season, according to the team.
Needless to say, it might behoove you, if interested in purchasing stock in the team this time around, to get around to contacting the team with your credit card in hand.