AIG to Sell 32.6M Corebridge Financial Shares in Secondary Offering

Corebridge Financial has announced a secondary offering of common stock by AIG, with 32.6 million shares to be sold. The net proceeds will go to AIG, and Corebridge plans to purchase $500 million of common stock from the underwriter. The offering is being led by J.P. Morgan Securities LLC and is subject to SEC approval.