Colorado has a new public company — Gloo Holdings, a Boulder-based software provider that works with faith-based organizations and nonprofits.

Gloo sold 9.1 million shares at $8 a piece in its initial public offering, below the range of $10 to $12 it had marketed. But the price was high enough to allow the company to raise $72.8 million and generate an overall market value on the company of $582.2 million.

When shares started trading on the NASDAQ exchange under the ticker GLOO, they held at the $8 mark and closed the day at $8.10. On Friday, shares opened at $9 before dropping into the mid-$8 range.

The company, which raised $110 million from private investors last year, was founded in 2013 by Scott and Theresa Beck, who crafted the name as a play off the word glue. Earlier this year,

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