By Tom Zanki (September 9, 2022, 6:45 p.m. EDT) — An AIG subsidiary is preparing an estimated $1.8 billion initial public offering, potentially the largest of 2022, leading several forecasted prospects for the coming week including the debut could provide signals on whether the frozen IPO market will unfreeze.
Corebridge Financial Inc., represented by Debevoise & Plimpton LLP, plans to offer 80 million shares at a price between $21 and $24 during the week of September 12. If Corebridge’s offering price is in the middle of $22.50, the IPO would fetch $1.8 billion, eclipsing private equity firm TPG’s $1 billion IPO. Inc. in January, the largest of this year.
Corebridge, life and retirement insurance…
Stay one step ahead
In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.
Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and more!