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Convertible Preferred Stock
 6 Months Ended
Jun. 30, 2020
Temporary Equity Disclosure [Abstract]  
Convertible Preferred Stock Convertible Preferred Stock
As of June 30, 2020 and December 31, 2019, the Company’s certificate of incorporation, as amended and restated, authorized the Company to issue 31,557,107 shares of par value $0.00001 per share convertible preferred stock, respectively.
The holders of convertible preferred stock have liquidation rights in the event of a deemed liquidation that, in certain situations, are not solely within the control of the Company. Therefore, the convertible preferred stock is classified outside of stockholders’ equity (deficit) on the condensed consolidated balance sheet.
As of each balance sheet date, preferred stock consisted of the following ($ in millions, except for share amounts):
As of
June 30, 2020
Preferred
Stock
Authorized		Preferred
Stock
Issued and
Outstanding		Carrying
Value		Liquidation
Preference		Common Stock
Issuable Upon
Conversion
Series Seed Preferred stock7,905,140  7,905,140  $12.9  $13.0  7,905,140  
Series A Preferred stock3,328,774  3,328,774  14.0  13.6  3,328,774  
Series B Preferred stock4,511,417  4,511,417  34.1  34.1  4,511,417  
Series C Preferred Stock8,703,846  8,703,846  119.8  120.1  8,703,846  
Series D Preferred Stock7,107,930  7,107,930  299.4  300.0  7,107,930  
31,557,107  31,557,107  $480.2  $480.8  31,557,107  

As of
December 31, 2019
Preferred
Stock
Authorized		Preferred
Stock
Issued and
Outstanding		Carrying
Value		Liquidation
Preference		Common Stock
Issuable Upon
Conversion
Series Seed Preferred stock7,905,140  7,905,140  $12.9  $13.0  7,905,140  
Series A Preferred stock3,328,774  3,328,774  14.0  13.6  3,328,774  
Series B Preferred stock4,511,417  4,511,417  34.1  34.1  4,511,417  
Series C Preferred Stock8,703,846  8,703,846  119.8  120.1  8,703,846  
Series D Preferred Stock7,107,930  7,107,930  299.4  300.0  7,107,930  
31,557,107  31,557,107  $480.2  $480.8  31,557,107