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Gloo, with former Intel CEO Gelsinger as tech head, seeks nearly $900 million valuation in IPO
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Gloo, with former Intel CEO Gelsinger as tech head, seeks nearly $900 million valuation in IPO
Oct 30, 2025 3:12 PM

Oct 30 (Reuters) - Gloo Holdings, a religious-oriented

technology firm, is seeking a valuation of up to $873.4 million

in its U.S. initial public offering, the company said in a

filing on Thursday, underscoring a strong momentum for fresh

offerings.

The company, which hired former Intel CEO Pat

Gelsinger earlier in the year, is looking to raise as much as

$109.2 million in the IPO by selling 9.1 million shares priced

between $10 and $12 each.

IPOs rebounded in the U.S. in September after a period

of weakness, with a string of big names such as fintech firm

Klarna ( KLAR ) and Winklevoss twins' Gemini testing

investor appetite successfully.

The rebound was stalled by a shutdown in the U.S.

government, causing short-term delays. However, analysts and

executives have sent optimistic messages regarding a pickup in

activity.

Gloo is a Boulder, Colorado-based firm that offers

technology tools to Christian churches and other faith groups.

The company hired Gelsinger as its head of technology and

executive chairman, where he will help the group develop AI

tools such as virtual assistants and chatbots.

Gelsinger, who also previously led VMware, left Intel

last year following disagreements with the board over his

turnaround strategy.

Founded in 2013, Gloo raised $110 million in growth

funding last year to expand its AI efforts, including chatbots

that offer a "safe search" feature and responses rooted in the

Bible.

The company reported a net loss attributable to common

members/shareholders of $69.8 million for the six months ended

July 31.

Roth Capital Partners is the sole book-running manager

for the offering, which intends to list the company's shares on

the Nasdaq under the ticker symbol "GLOO."

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