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…
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