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Employee Benefits

AIG retirement services unit Corebridge sees shares slip after IPO

September 16, 2022 Reprints

Shares of Corebridge Financial Inc. opened 2% below the IPO price in its New York Stock Exchange debut on Sept. 15, giving the company a valuation of $13.2 billion, Reuters reports. The $1.68 billion raised in the IPO will go to Corebridge's parent, insurer American International Group Inc., the report says. The NYSE listing marks the culmination of a years-long effort from AIG, which first announced the decision to separate its life insurance and retirement businesses from its property and casualty operations.

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AIG retirement services unit Corebridge sees shares slip after IPO

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