AIG Announces Launch of Secondary Offering of Corebridge Financial Common Stock; Offering 65M Existing Shares Of Common Stock Of Corebridge
Portfolio Pulse from Benzinga Newsdesk
AIG has announced the launch of a secondary offering of 65 million existing shares of Corebridge Financial's common stock.
June 05, 2023 | 8:13 pm
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AIG is offering 65 million existing shares of Corebridge Financial's common stock in a secondary offering.
The secondary offering of 65 million existing shares of Corebridge Financial's common stock by AIG may lead to a short-term negative impact on CRBG's stock price. The increased supply of shares in the market could put downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
AIG is launching a secondary offering of 65 million existing shares of Corebridge Financial's common stock.
AIG's announcement of the secondary offering of Corebridge Financial's common stock may not have a direct short-term impact on AIG's stock price. However, it shows AIG's intention to monetize its investment in Corebridge, which could be seen as a positive move by investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100