$AIG Raises $1.68 Billion in Corebridge IPO

TipRanks headline: American International (NYSE:AIG) Bags $1.68B from Corebridge IPO

Payal Chhawchharia
Sep 15, 2022, 03:44 AM


Insurance company American International Group, Inc. (NYSE:AIG) grabbed the market’s attention after it successfully raised $1.68 billion through the initial public offering (IPO CALENDAR) of 80 million common shares of its unit Corebridge Financial, Inc.

Shares of Corebridge were priced at $21 per share, toward the lower end of the $21-$24 per share range stated previously. Corebridge Financial provides retirement solutions and insurance products.

American International, which will receive the entire gross proceeds from this IPO, has set September 19, 2022, as the last date for the IPO.

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