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Common stock
12 Months Ended
Dec. 31, 2019
Common stock  
Common stock

9. Common stock

In October 2019, the Company completed its IPO of 6,516,667 shares of common stock at a price to the public of $15.00 per share, which included the exercise in full by the underwriters of their option to purchase an additional 850,000 shares of common stock.  The Company received net proceeds of approximately $86.6 million,  after deducting underwriting discounts and commissions and other offering expenses.

The Company has 21,022,752 shares of common stock outstanding as of December 31, 2019.

The holders of common stock are entitled to one vote for each share of common stock. In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company, after the payment or provision for payment of all debts and liabilities of the Company, the holders of common stock shall be entitled to share in the remaining assets of the Company available for distribution, if any.