Corebridge announces offering of 30M shares of common stock for holder AIG

Corebridge Financial (CRBG) announced the launch of a secondary offering of its common stock by American International Group (AIG). AIG, as the selling stockholder, is offering 30M existing shares of common stock, out of approximately 568M total shares of common stock outstanding, of Corebridge Financial. All of the net proceeds from the offering will go to AIG. J.P. Morgan and Morgan Stanley are acting as the underwriters for the offering.