Gloo Holdings, Inc. has priced its initial public offering of 9.1 million shares of Class A common stock at $8 per share, generating approximately $72.8 million in gross proceeds. The technology platform, which serves the faith and flourishing ecosystem, will begin trading on the Nasdaq Global Select Market under the symbol GLOO, with the offering expected to close on November 20, 2025, subject to customary closing conditions. The company has granted underwriters a 30-day option to purchase up to 1.365 million additional shares, which could increase the total offering size. Roth Capital Partners is serving as sole book-running manager for the offering, with The Benchmark Company, Craig-Hallum Capital Group, Lake Street Capital Markets, Loop Capital Markets, and Texas Capital Securities acting as co-managers.
The successful pricing of this IPO represents a significant development for technology companies serving faith-based and nonprofit sectors, which have traditionally received less attention from public markets compared to mainstream technology offerings. Gloo operates as a technology platform providing values-aligned artificial intelligence, resources, insights, and funding to help people and communities flourish while enabling organizations to thrive. The company serves over 140,000 faith, ministry, and nonprofit leaders from its headquarters in Boulder, Colorado. The capital raised through this public offering will enable the company to expand its technological capabilities and reach within the faith ecosystem, which represents a substantial market opportunity given the growing integration of technology in religious and community organizations.
The offering comes at a time when faith-based organizations are increasingly adopting digital tools for community engagement, resource management, and outreach. Gloo's platform addresses specific needs within this sector that mainstream technology companies often overlook. The successful pricing and upcoming Nasdaq listing validate investor interest in specialized technology platforms serving niche markets with significant growth potential. Additional information about the offering can be found in the full press release available at https://ibn.fm/GBpoR.
This IPO represents one of the few public offerings specifically targeting the faith technology sector, potentially paving the way for similar companies to access public markets. The involvement of multiple established financial institutions as underwriters indicates confidence in both the company's business model and the broader market opportunity. As organizations across various sectors continue to digitize their operations, specialized platforms like Gloo that understand the unique requirements and values of specific communities are positioned for growth. The company's focus on values-aligned technology distinguishes it from generic solutions and addresses growing demand for tools that respect organizational missions while providing modern functionality.
