Opening Day: AIG’s Corebridge gets lukewarm reception in largest IPO of 2022
September 17 2022 - 08:52AM
TipRanks
Instacart among in-focus, upcoming IPOs After completing the
largest U.S. IPO of the year, shares of Corebridge slipped amid an
unenthusiastic reception by investors. The life and asset
management arm of the insurance group AIG had priced its initial
public offering at the low end of its target range. LATEST IPOS AND
DIRECT LISTINGS: Corebridge (CRBG) opened on September 15 at
$20.50. The company had priced 80M shares at $21.00, the low
end of the target $21.00-$24.00 range. American International Group
(AIG), as the selling stockholder, is offering 80M existing shares
of common stock out of 645M total common shares of Corebridge,
corresponding to approximately $1.7B of gross proceeds.
https://www.tipranks.com/news/the-fly/opening-day-aigs-corebridge-gets-lukewarm-reception-in-largest-ipo-of-2022?utm_source=advfn.com&utm_medium=referral
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