AdvertisementAdvertisementBusiness20 Nov 2025 12:15AM (Updated: 20 Nov 2025 12:19AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInRead a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST Shares of Gloo opened 0.6 per cent above its initial public offering price in their Nasdaq debut on Wednesday, valuing the Christian-focused tech platform at $585.9 million.The Boulder, Colorado-based company's stock opened at $8.05 a share, compared with the $8 IPO price. Gloo raised $72.8 million by selling 9.1 million shares below the marketed range of $10 to $12 a share.Religious IPOs in New York are very rare. There is no record of a flotation in this space in the past five years, according to Renaissance Capital, a provider of IPO-focused research and ETFs.Gloo, founded in 2013, provides AI-powered tools and content to more than 140,000 faith, ministry and nonprofit leaders.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST