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