Redeemable Convertible Preferred Stock

6 Months Ended

Jul. 31, 2019

Redeemable Convertible Preferred Stock

Redeemable Convertible Preferred Stock

7.  Redeemable Convertible Preferred Stock

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 condensed consolidated balance sheet.

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

				Shares	Net
	Issue Price		Shares	Issued and	Carrying		Liquidation		Redemption
Class	per Share		Authorized	Outstanding	Value		Preference		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