AIG offers 35M shares 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 35M existing shares of common stock of Corebridge and has granted a 30-day option to the underwriter to purchase up to an additional 5.25M shares. AIG will remain a majority shareholder of Corebridge Financial upon completion of this offering. All of the net proceeds from the offering will go to AIG. J.P. Morgan is acting as the underwriter for the offering.