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Faith-based tech platform Gloo raises $72.8 million in US IPO
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Faith-based tech platform Gloo raises $72.8 million in US IPO
Nov 18, 2025 9:49 PM

Nov 19 (Reuters) - Gloo Holdings said on Wednesday it

has raised $72.8 million in its U.S. initial public offering,

setting the stage for a rare debut by a software provider for

the faith-based ecosystem in a market dominated by AI and crypto

firms.

The Boulder, Colorado-based company sold 9.1 million

shares priced at $8 apiece in the IPO, below its marketed range

of $10 to $12. The sale values Gloo at $582.2 million.

Stock listings in the U.S. are expected to pick up in the

December window as the Securities and Exchange Commission

resumes operations after the longest ever U.S. government

shutdown had halted IPO filing reviews.

The shutdown followed the busiest fall IPO window since

2021, briefly interrupting a recovery that was previously

scuttled in April by U.S. President Donald Trump's tariffs.

Gloo runs a platform to connect Christian churches and

other faith groups to providers of technology solutions,

content, marketing services and donor services. It hired former

Intel CEO Pat Gelsinger as its head of technology and

executive chairman earlier this year.

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