Christian Tech Platform Gloo Debuts on Nasdaq with $586M Valuation

Deep News

2025/11/20

Christian-focused technology platform Gloo listed on Nasdaq on Wednesday, with its shares opening 0.6% above its initial public offering (IPO) price, valuing the company at $585.9 million.

Headquartered in Boulder, Colorado, the company's stock opened at $8.05 per share, compared to its IPO price of $8.00. Gloo raised $72.8 million by issuing 9.1 million shares, pricing below its previously announced range of $10 to $12 per share.

IPOs of faith-based companies are exceptionally rare in the New York market. Renaissance Capital, a firm specializing in IPO research and exchange-traded funds (ETFs), noted that no companies in this sector have gone public in the past five years.

Founded in 2013, Gloo provides AI-driven tools and content services to over 140,000 religious leaders, clergy members, and nonprofit organization heads.

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