{"schema_version":"ctm-public-research-1.0","id":"hashicorp","name":"HashiCorp","ticker":"HCP","sector":"Cloud infrastructure","description":"Explore HashiCorp’s documented private funding prices alongside its historical IPO offer, with share-conversion assumptions and sources.","coverage_note":"November 2020 two-for-one split is already reflected. Preferred converts one-for-one and Class B has 1:1 Class A equivalence. This is the historical IPO, not a current quote or current listing claim.","url":"https://capitaltimemachine.com/private/hashicorp","publisher":"CapitalTimeMachine","dataset_revision":"ctm-research-2026-10-01","dataset_reviewed_on":"2026-09-19","feed_released_on":"2026-10-01","methodology_url":"https://capitaltimemachine.com/methodology","terms_url":"https://capitaltimemachine.com/terms","corrections":"mailto:capitaltimemachine@gmail.com","observations":[{"id":"HCP-D","title":"Series D preferred issuance","note":"November 2020 two-for-one split is already reflected. Preferred converts one-for-one and Class B has 1:1 Class A equivalence. This is the historical IPO, not a current quote or current listing claim. The displayed date is the financial reporting snapshot; it is not an investment date.","observation_date":"2021-07-31","date_precision":"day","date_role":"historical_table_snapshot","actual_entry_date":null,"value":"11.0834","value_qualifier":"","currency":"USD","value_scope":"per_share_issuance_price","share_class":"Series D preferred","share_basis":"retrospectively_split_restated","confidence_class":"A","verification_status":"primary_verified","checked_on":"2026-09-17","source":{"url":"https://www.sec.gov/Archives/edgar/data/1720671/000119312521352796/d205906d424b4.htm","publisher":"SEC · HashiCorp filing","title":"IPO prospectus (Form 424B4)","locator":"Related-party Series D/E financings; preferred-stock conversion; Note 1 split"},"supporting_sources":[],"citation_url":"https://capitaltimemachine.com/private/hashicorp#HCP-D"},{"id":"HCP-E","title":"Series E preferred issuance","note":"November 2020 two-for-one split is already reflected. Preferred converts one-for-one and Class B has 1:1 Class A equivalence. This is the historical IPO, not a current quote or current listing claim. The displayed date is the financial reporting snapshot; it is not an investment date.","observation_date":"2021-07-31","date_precision":"day","date_role":"historical_table_snapshot","actual_entry_date":null,"value":"28.9202","value_qualifier":"","currency":"USD","value_scope":"per_share_issuance_price","share_class":"Series E preferred","share_basis":"retrospectively_split_restated","confidence_class":"A","verification_status":"primary_verified","checked_on":"2026-09-17","source":{"url":"https://www.sec.gov/Archives/edgar/data/1720671/000119312521352796/d205906d424b4.htm","publisher":"SEC · HashiCorp filing","title":"IPO prospectus (Form 424B4)","locator":"Related-party Series D/E financings; preferred-stock conversion; Note 1 split"},"supporting_sources":[],"citation_url":"https://capitaltimemachine.com/private/hashicorp#HCP-E"},{"id":"HCP-OFFER","title":"HashiCorp IPO offer","note":"IPO offering price is an analytical mark, not a current quote or evidence that a private holder could sell at this price.","observation_date":"2021-12-08","date_precision":"day","date_role":"offering_pricing","actual_entry_date":null,"value":"80","value_qualifier":"","currency":"USD","value_scope":"public_offer_price_per_share","share_class":"Common","confidence_class":"A","verification_status":"primary_verified","checked_on":"2026-09-17","source":{"url":"https://www.sec.gov/Archives/edgar/data/1720671/000119312521352796/d205906d424b4.htm","publisher":"SEC · HashiCorp filing","title":"IPO prospectus (Form 424B4)","locator":"Prospectus cover: offering price and prospectus date"},"supporting_sources":[],"citation_url":"https://capitaltimemachine.com/private/hashicorp#HCP-OFFER"}],"calculation_options":{"early_stage_assumptions":null,"ipo_offer_models":[{"id":"HCP-D-IPO","company":"hashicorp","start":"HCP-D","end":"HCP-OFFER","label":"Series D → IPO offer-price mark","conversion_factor":"1","split_adjustment":"already_reflected_do_not_apply_again","reviewed_on":"2026-09-17","basis_note":"November 2020 two-for-one split is already reflected. Preferred converts one-for-one and Class B has 1:1 Class A equivalence. This is the historical IPO, not a current quote or current listing claim. Fractional share equivalents only; no sale, fees, taxes, dividends or CAGR.","source_url":"https://www.sec.gov/Archives/edgar/data/1720671/000119312521352796/d205906d424b4.htm","source_locators":["Related-party Series D/E financings; preferred-stock conversion; Note 1 split","Prospectus cover","Shares Eligible for Future Sale / Underwriting: selling restrictions"]},{"id":"HCP-E-IPO","company":"hashicorp","start":"HCP-E","end":"HCP-OFFER","label":"Series E → IPO offer-price mark","conversion_factor":"1","split_adjustment":"already_reflected_do_not_apply_again","reviewed_on":"2026-09-17","basis_note":"November 2020 two-for-one split is already reflected. Preferred converts one-for-one and Class B has 1:1 Class A equivalence. This is the historical IPO, not a current quote or current listing claim. Fractional share equivalents only; no sale, fees, taxes, dividends or CAGR.","source_url":"https://www.sec.gov/Archives/edgar/data/1720671/000119312521352796/d205906d424b4.htm","source_locators":["Related-party Series D/E financings; preferred-stock conversion; Note 1 split","Prospectus cover","Shares Eligible for Future Sale / Underwriting: selling restrictions"]}],"valuation_comparisons":[],"user_entered_private_prices":false,"entered_public_price_review":{"company":"hashicorp","ticker":"HCP","issuer_cik":"1720671","model_ids":["HCP-D-IPO","HCP-E-IPO"],"from_date":"2024-06-10","through_date":"2025-02-26","reviewed_on":"2026-09-19","status":"reviewed_user_price_scenario","historical_only":true,"limitation":"Historical HCP prices only. IBM completed the acquisition on February 27, 2025; successor shares and cash proceeds are not modeled.","listed_equivalent_factor":"1","splits":[],"sources":[{"url":"https://www.sec.gov/Archives/edgar/data/1720671/000119312521352796/d205906d424b4.htm","title":"Original IPO share basis","locator":"Prospectus / offering and capital-stock terms; the existing private-to-IPO model supplies the entry conversion."},{"url":"https://www.sec.gov/Archives/edgar/data/1720671/000172067124000023/hcp-20241031.htm","title":"Issuer 10-Q · 2024-12-05","locator":"Common-stock presentation and corporate-action screening. A missing split keyword alone is not evidence of a complete history."},{"url":"https://www.stocksplithistory.com/?symbol=HCP","title":"Supplemental split-history screen","locator":"Dated post-IPO corporate actions only. Ticker reuse can introduce unrelated pre-IPO events; those are excluded. No market quote was copied."},{"url":"https://www.sec.gov/Archives/edgar/data/1720671/000119312525037910/d898526d8k.htm","title":"Corporate event limiting this path","locator":"Historical HCP prices only. IBM completed the acquisition on February 27, 2025; successor shares and cash proceeds are not modeled."}],"review_note":"Entry-to-IPO conversion reuses the approved company-specific model. The post-IPO corporate-action screen matches the issuer CIK and excludes reused ticker history predating its IPO. This is a bounded price-only scenario, not a licensed quote or a certified corporate-action feed."},"public_ipo":null},"limitations":["Historical research and hypothetical arithmetic, not live quotes, investment advice or an offer to invest.","Company valuation changes are not shareholder returns. Financing, dilution, security rights and exit access matter.","IPO offer-price marks are not realized sale proceeds; minimum investments and access are not established.","User-entered prices and valuations are assumptions, not sourced observations. Fee and carry treatment is stated by each method; taxes and distributions are excluded.","Selected surviving companies are not representative of private-market outcomes; investments may lose all value."]}