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Preferred Shares (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Preferred Shares [Abstract]    
Schedule of preferred shares issued and outstanding

Preferred Shares

 

Number of
Shares

 

Shareholders

Series C1 Preferred

 

26,757,258

 

Ashmore Global Special Situations Fund 4 Limited Partnership and Ashmore Global Special Situations Fund 5 Limited Partnership (“Ashmore”) and International Finance Corporation (“IFC”)

Series C2 Preferred

 

20,249,450

 

Ashmore Cayman SPC Limited (“Ashmore Cayman”) and IFC

Series D1 Preferred

 

22,311,516

 

Evergreen Ever Limited (“EEL”)

Total

 

69,318,224

   

Preferred Shares Category

 

Number of
Shares as of
January 1,
2018

 

Shareholders

Series A1 Preferred

 

31,357,306

 

Ashmore Global Special Situations Fund 4 and Fund 5 Limited Partnership (“Ashmore”) and International Finance Corporation (“IFC”)

Series B1 Preferred

 

15,649,083

 

Ashmore Cayman SPC Limited (“Ashmore Cayman”) and IFC

Series EEL Preferred

 

22,311,516

 

Evergreen Ever Limited (“EEL”)

Total

 

69,318,224

   
Schedule of balance of Series Preferred and redeemable noncontrolling interests

(In thousands)

 

Series C1
Preferred

 

Series C2
Preferred

 

Series D1
Preferred

 

Redeemable
noncontrolling
interests

Balance as of January 1, 2020

 

$

76,684

 

 

$

73,100

 

 

$

127,935

 

 

$

80,561

 

Accretion

 

 

2,923

 

 

 

6,650

 

 

 

13,986

 

 

 

7,681

 

Ending balance as of September 30,
2020

 

$

79,607

 

 

$

79,750

 

 

$

141,921

 

 

$

88,242

 

   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of January 1, 2021

 

$

80,581

 

 

$

81,966

 

 

$

146,583

 

 

$

90,820

 

Accretion from January 1 to July 23

 

 

2,257

 

 

 

5,132

 

 

 

10,708

 

 

 

5,841

 

Conversion as of Merger

 

 

(82,838

)

 

 

(87,098

)

 

 

(157,291

)

 

 

(96,661

)

Ending balance as of September 30,
2021

 

$

 

 

$

 

 

$

 

 

$

 

 

Series A1/C1
Preferred

 

Series B1/C2
Preferred

 

Series EEL/D1
Preferred

 

Redeemable
noncontrolling
interests

Balance as of January 1, 2018

 

$

66,839

 

 

$

57,490

 

 

$

140,000

 

 

$

 

Reclassification from noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

81,438

 

Accretion before the fair value change

 

 

 

 

 

 

 

 

 

 

 

2,505

 

Fair value change of redeemable noncontrolling interests due to extinguishment

 

 

 

 

 

 

 

 

 

 

 

(5,828

)

Accretion after the fair value change

 

 

10,025

 

 

 

8,391

 

 

 

13,223

 

 

 

1,500

 

Ending balance as of December 31, 2018

 

$

76,864

 

 

$

65,881

 

 

$

153,223

 

 

$

79,615

 

Accretion before the extinguishment

 

 

961

 

 

 

804

 

 

 

15,439

 

 

 

796

 

Conversion from Series A1 to C2 Preferred

 

 

(11,417

)

 

 

11,417

 

 

 

 

 

 

 

Fair value change of preferred shares and redeemable noncontrolling interests due to the extinguishment

 

 

7,135

 

 

 

(12,146

)

 

 

(56,127

)

 

 

(8,299

)

Accretion after the extinguishment

 

 

3,141

 

 

 

7,144

 

 

 

15,400

 

 

 

8,449

 

Ending balance as of December 31, 2019

 

$

76,684

 

 

$

73,100

 

 

$

127,935

 

 

$

80,561

 

Accretion

 

 

3,897

 

 

 

8,866

 

 

 

18,648

 

 

 

10,259

 

Ending balance as of December 31, 2020

 

$

80,581

 

 

$

81,966

 

 

$

146,583

 

 

$

90,820