Redeemable convertible preferred stock

6 Months Ended

Jun. 30, 2019

Redeemable convertible preferred stock

4. Redeemable convertible preferred stock

Upon completion of our IPO on June 24, 2019, all outstanding shares of our redeemable convertible preferred stock were converted into 21,056,136 shares of common stock and the related carrying value was reclassified to common stock and additional paid-in capital. Accordingly, there were no shares of redeemable convertible preferred stock outstanding as of June 30, 2019.

As of December 31, 2018, redeemable convertible preferred stock consisted of the following:


		Preferred
	Preferred	stock					Common stock
	stock	issued and	Carrying		Liquidation		issuable upon
	authorized	outstanding	value		preference		conversion
Series A Preferred Stock	50,858,462	50,858,462	$	79,457	$	50,858	50,858,462
Series B Preferred Stock	13,871,948	13,871,948	$	45,271	$	45,500	13,871,948
	64,730,410	64,730,410	$	124,728	$	96,358	64,730,410