Faith-based tech platform Gloo raises $72.8 million in US IPO

Gloo Holdings said on Wednesday it has raised $72.8 million in its US 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 US are expected to pick up in the December window as the Securities and Exchange Commission resumes operations after the longest ever…