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Initial Public Offering of Common Stock
12 Months Ended
Dec. 31, 2019
Initial Public Offering of Common Stock  
Initial Public Offering of Common Stock

Note 16: Initial Public Offering of Common Stock

On October 26, 2017, the Company issued 6,250,000 shares of common stock in its initial public offering, and on November 2, 2017, the Company issued an additional 937,500 shares of common stock to the underwriters related to their exercise of an option to purchase additional shares. The aggregate gross offering proceeds for the shares issued by the Company was $115.0 million, and after deducting underwriting discounts and offering expenses of approximately $8.8 million paid to third parties, the Company received total net proceeds of $106.2 million.