American International Group (AIG) announced the launch of a secondary offering of Corebridge Financial (CRBG) common stock. AIG, as the selling stockholder, is offering 30M existing shares of common stock, out of approximately 608M total shares of common stock outstanding, of Corebridge Financial. All of the net proceeds from the offering will go to AIG. Morgan Stanley & Co. is acting as the underwriter for the offering.
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