Gloo Holdings IPO: Faith-Based Tech Raises $72M
Update: 2025-11-19
Description
Gloo Holdings, a faith-based tech company, successfully raised $72.8 million in its IPO, selling 9.1 million shares at $8 each. Despite a lower-than-expected price, the companys valuation reached $582.2 million, reflecting investor interest in its niche market. Led by former Intel CEO Pat Gelsinger, Gloo offers technology solutions for churches and religious groups. The IPO comes amidst a predicted surge in U.S. stock listings this December, following a government shutdown-induced pause in IPO filing reviews.
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