Gloo Holdings, Inc. (GLOO), a tech platform for churches and nonprofits, priced its IPO at $8.00 – 20 percent below the bottom of its $10.00-to-$12.00 range – and sold 9.1 million shares – the number of shares in the prospectus – to raise $72.8 million on Tuesday night, Nov. 18, 2025.
Gloo’s stock started trading on Wednesday, Nov. 19, 2025, at $8.05 – up 5 cents from its IPO price – on NASDAQ volume of 286,100 shares. With an hour to go until Wednesday’s closing bell, Gloo’s stock was up just 1 penny from its IPO price to trade at $8.01 on NASDAQ volume of about 1.7 million shares.
At the closing bell, Gloo Holdings’ stock was at $8.10 – up a dime on the day for a gain of 1.25 percent in its first day of NASDAQ trading on about 1.89 million shares.
Roth Capital was the sole book-runner.
Gloo Holdings, based in Boulder, Colorado, provides a tech platform for traditional Protestant and Catholic churches, as well as for ministries and nonprofits. The company was founded in 2013.
Pat Gelsinger, the former Intel CEO, is Gloo’s executive chair and head of technology.
Scott Beck, Gloo’s co-founder, president and CEO, is a veteran entrepreneur with over 40 years of experience in building businesses such as Blockbuster and HomeAdvisor.
After the IPO, Beck will control 43.4 percent of the voting power of Gloo’s stock, the prospectus said.
Gloo is not profitable, according to the prospectus: Net loss of $128.05 million on revenue of $41.09 million for the 12 months that ended July 31, 2025.
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