Gloo Prices IPO at $8 Per Share, Set to Trade on Nasdaq Under Symbol GLOO
TL;DR
Gloo's IPO at $8 per share offers investors early access to a growing faith-based technology platform with potential for market expansion and financial returns.
Gloo priced 9.1 million shares at $8 each for its Nasdaq IPO, with underwriters having a 30-day option for 1.365 million additional shares, closing November 20, 2025.
Gloo's public offering supports its mission to provide AI and resources that help faith communities and nonprofits flourish, creating positive social impact through technology.
A faith-focused tech company called Gloo just went public on Nasdaq, serving over 140,000 leaders with values-aligned AI to help communities thrive.
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Gloo (NASDAQ: GLOO), a technology platform serving the faith and flourishing ecosystem, has priced its initial public offering of 9,100,000 shares of Class A common stock at $8 per share. The company has granted underwriters a 30-day option to purchase up to 1,365,000 additional shares. Trading is expected to begin on the Nasdaq Global Select Market under the symbol GLOO, with the offering slated to close Nov. 20, 2025, subject to customary conditions.
Roth Capital Partners is serving as sole book-running manager for the offering. The Benchmark Company, Craig-Hallum Capital Group, Lake Street Capital Markets, Loop Capital Markets, and Texas Capital Securities are acting as co-managers. This IPO represents a significant milestone for faith-based technology companies seeking access to public capital markets. The offering provides Gloo with capital to expand its platform, which serves over 140,000 faith, ministry and nonprofit leaders with values-aligned AI, resources, insights and funding solutions.
The IPO pricing comes at a time when technology platforms serving specific communities and ecosystems are gaining increased attention from investors. Gloo's public listing on the Nasdaq Global Select Market provides greater visibility and credibility for faith-based technology initiatives. The company's focus on helping people and communities flourish while enabling organizations to thrive through technology solutions addresses a growing market segment that has traditionally been underserved by mainstream technology platforms.
For more information about the offering, the full press release is available at https://ibn.fm/GBpoR. Additional details about TechMediaWire, which distributed the announcement, can be found at https://www.TechMediaWire.com. The offering's success will be closely watched by other faith-based organizations considering similar public market strategies, potentially opening new avenues for capital formation within this sector.
Curated from InvestorBrandNetwork (IBN)
