Corebridge Financial, Inc. (CRBG) to Raise $1.8 Billion in IPO

Corebridge Financial, Inc. (SAFG Retirement Services) provided the following description of their company for its IPO: “(Note: Corebridge Financial, Inc. disclosed the terms for its IPO in an S-1/A filing dated Sept. 6, 2022: 80.0 million shares – all to be sold by the selling stockholder, American International Group (AIG) – at a price range of $21.00 to $24.00 to raise $1.8 billion. The company will not receive any proceeds from the IPO.) (Note: AIG is spinning off SAFG Retirement Services, Inc., in this IPO. The business will be renamed Corebridge Financial, Inc., once it goes public. SAFG Retirement Services, Inc., filed confidential IPO paperwork with the SEC on Dec.

defenseworld.net     Sep 10, 2022