 The U.S. initial public offering market is bracing for whats expected to be the biggest deal of the year so far, that of the spin-off of AIGs AIG, 1.31 life insurance unit Corebridge Financial CRBG, , which is aiming to raise 1.8 billion. At the expected deal size itll represent over a quarter of all 2022 IPO proceeds, said Bill Smith, co-Founder and CEO of Renaissance Capital, a provider of institutional research and IPO exchange traded funds, in commentary. 