AIG launches secondary offering of Corebridge common stock

American International Group (AIG) announced the launch of a secondary offering of Corebridge Financial (CRBG) common stock. AIG, as the selling stockholder, is offering 50M existing shares of common stock (out of approximately 631M total shares of common stock outstanding) of Corebridge and has granted a 30-day option to the underwriters to purchase up to an additional 7.5M shares. All of the net proceeds from the offering will go to AIG. Goldman Sachs & Co. LLC and J.P. Morgan are acting as the underwriters for the offering.