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.
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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.
Reporting by Ateev Bhandari and Ananya Palyekar in Bengaluru; Editing by Leroy Leo and Eileen Soreng
Faith-based tech platform Gloo raises $72.8 million in US IPO
