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.