Upon the close of the Company’s IPO on June 14, 2019, all shares of convertible preferred stock then outstanding, totaling 131,267,586 shares, were automatically converted into an equivalent number of shares of Class B common stock on a one-to-one basis and the carrying value, totaling $557.9 million, was reclassified into Class B common stock and additional paid-in capital on the consolidated balance sheet.

The following table summarizes the authorized, issued, and outstanding redeemable convertible preferred stock of the Company as of January 31, 2019:


Class	Issue Price per Share		Shares Authorized	Shares Issued and Outstanding	Net Carrying Value		Liquidation Preference		Redemption Value
	(in thousands, except per share values)
Series A-1	$	0.50000	52,300	52,300	$	76,325	$	52,300	$	623,678
Series B	$	1.40500	21,523	21,352	44,320		30,000		254,623
Series C	$	4.52972	22,275	22,077	99,900		100,000		263,765
Series D	$	5.69153	17,570	17,570	99,845		125,000		211,631
Series D-1	$	5.69153	5,394	5,394	30,626		30,700		64,607
Series E	$	16.46136	18,357	12,575	206,896		207,000		207,000
Total			137,419	131,268	$	557,912	$	545,000	$	1,625,304