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 US 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 US 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.