| Redeemable Convertible Preferred Stock Prior to IPO |
Our redeemable convertible preferred stock on the day immediately prior to the closing of our IPO, or December 11, 2018, and December 31, 2017 consisted of the following (in thousands, except share amounts): | | | | | | | | | | | | | | | | | | Redeemable Convertible Preferred Shares Authorized | | Redeemable Convertible Preferred Shares Issued and Outstanding | | Carrying Value | | Liquidation Preference As of December 11, 2018 | | | | | | | | | | | Series A redeemable convertible preferred stock | | 42,000,000 |
| | 42,000,000 |
| | $ | 182 |
| | $ | 2,859 |
| Series B redeemable convertible preferred stock | | 122,296,280 |
| | 122,296,280 |
| | 770 |
| | 12,493 |
| Series C redeemable convertible preferred stock | | 85,669,774 |
| | 85,669,774 |
| | 36,238 |
| | 41,750 |
| Series D redeemable convertible preferred stock | | 63,291,156 |
| | 63,021,976 |
| | 163,355 |
| | 188,840 |
| Series E redeemable convertible preferred stock | | 81,428,340 |
| | 80,884,240 |
| | 498,525 |
| | 498,814 |
| Series F redeemable convertible preferred stock | | 54,001,241 |
| | 54,001,241 |
| | 473,532 |
| | 474,131 |
| Series G redeemable convertible preferred stock | | 55,666,004 |
| | 55,666,004 |
| | 549,413 |
| | 560,000 |
| Series H redeemable convertible preferred stock | | 5,000,000 |
| | 5,000,000 |
| | 111,546 |
| | 125,000 |
| Balance at December 11, 2018 | | 509,352,795 |
| | 508,539,515 |
| | $ | 1,833,561 |
| | $ | 1,903,887 |
|
| | | | | | | | | | | | | | | | | | Redeemable Convertible Preferred Shares Authorized | | Redeemable Convertible Preferred Shares Issued and Outstanding | | | | Liquidation Preference As of December 31, 2017 | | | | | | | | | | | Carrying Value | | Series A redeemable convertible preferred stock | | 42,000,000 |
| | 42,000,000 |
| | $ | 182 |
| | $ | 2,701 |
| Series B redeemable convertible preferred stock | | 122,296,280 |
| | 122,296,280 |
| | 770 |
| | 11,801 |
| Series C redeemable convertible preferred stock | | 85,669,774 |
| | 85,669,774 |
| | 36,238 |
| | 39,676 |
| Series D redeemable convertible preferred stock | | 63,291,156 |
| | 63,291,156 |
| | 164,059 |
| | 179,462 |
| Series E redeemable convertible preferred stock | | 81,428,340 |
| | 81,428,340 |
| | 501,880 |
| | 502,169 |
| Series F redeemable convertible preferred stock | | 54,001,241 |
| | 54,001,241 |
| | 473,532 |
| | 474,131 |
| Balance at December 31, 2017 | | 448,686,791 |
| | 448,686,791 |
| | $ | 1,176,661 |
| | $ | 1,209,940 |
|
The following table summarizes the activity for each series of our outstanding redeemable convertible preferred stock for the year ended December 31, 2018 (in thousands, except share data): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Series A Redeemable Convertible Preferred Stock | | Series B Redeemable Convertible Preferred Stock | | Series C Redeemable Convertible Preferred Stock | | Series D Redeemable Convertible Preferred Stock | | Series E Redeemable Convertible Preferred Stock | | Series F Redeemable Convertible Preferred Stock | | Series G Redeemable Convertible Preferred Stock | | Series H Redeemable Convertible Preferred Stock | | Total Redeemable Convertible Preferred Stock | | Shares | | Amount | | Shares | | Amount | | Shares | | Amount | | Shares | | Amount | | Shares | | Amount | | Shares | | Amount | | Shares | | Amount | | Shares | | Amount | | Shares | | Amount | Balance at December 31, 2017 | 42,000,000 |
| | $ | 182 |
| | 122,296,280 |
| | $ | 770 |
| | 85,669,774 |
| | $ | 36,238 |
| | 63,291,156 |
| | $ | 164,059 |
| | 81,428,340 |
| | $ | 501,880 |
| | 54,001,241 |
| | $ | 473,532 |
| | — |
| | $ | — |
| | — |
| | $ | — |
| | 448,686,791 |
| | $ | 1,176,661 |
| Issuance of Series G redeemable convertible preferred stock, net of issuance costs of $10,517 | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 55,666,004 |
| | 549,413 |
| | — |
| | — |
| | 55,666,004 |
| | 549,413 |
| Issuance of Series H redeemable convertible preferred stock, net of issuance costs of $474 | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 5,000,000 |
| | 111,546 |
| | 5,000,000 |
| | 111,546 |
| Repurchase of Series D redeemable convertible preferred stock | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | (269,180 | ) | | (704 | ) | | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | (269,180 | ) | | (704 | ) | Repurchase of Series E redeemable convertible preferred stock | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | (544,100 | ) | | (3,355 | ) | | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | (544,100 | ) | | (3,355 | ) | Conversion of redeemable convertible preferred stock | (42,000,000 | ) | | (182 | ) | | (122,296,280 | ) | | (770 | ) | | (85,669,774 | ) | | (36,238 | ) | | (63,021,976 | ) | | (163,355 | ) | | (80,884,240 | ) | | (498,525 | ) | | (54,001,241 | ) | | (473,532 | ) | | (55,666,004 | ) | | (549,413 | ) | | (5,000,000 | ) | | (111,546 | ) | | (508,539,515 | ) | | (1,833,561 | ) | Balance at December 31, 2018 | — |
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