Keep this result and its source evidence in your account.
Illustrative paper value. Historical investment minimums and your eligibility are not verified. Excludes fund fees, carried interest, taxes and distributions; no sale is assumed.
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BEHIND THE NUMBERS
What this scenario means for an investor.
This scenario applies the stated share prices and conversion assumptions to your chosen amount. The result is a hypothetical value, not a completed transaction.
Your amount vs. the investment minimum
Your amount sets the size of the illustration. It does not establish the minimum required to join that funding round.
Access depends on the offering
Investor eligibility and allocations depend on the offering’s terms. A recorded funding price does not mean everyone could invest at that price.
Direct shares and fund units differ
A direct share and a unit in a fund or investment vehicle can have different rights and costs. This scenario does not establish a specific investment route.
A price is not a cash exit
Lockups, transfer restrictions and available buyers can affect a holder’s ability to sell. The displayed value does not assume a sale.
See the data, sources & calculation
Series H converts 1:1 to Class B, with 1:1 Class A equivalents. The 2019 one-for-three reverse split is already reflected in the filing price.
Published price precision is retained in calculations. A filing snapshot is not necessarily the investment date. These selected companies and stages do not represent typical private-market results; investments can lose their entire value.
Detailed share worksheet & downloadable receiptOptional controls for a closer look at the same evidence.
FILING-BASED IPO CASE STUDY
Follow the share, not the headline.
Translate a preferred-share issuance price into an approximate IPO offer-price mark. The filing supplies the prices; the conversion assumption stays visible.
BEHIND THE NUMBERS
What this scenario means for an investor.
This scenario applies the stated share prices and conversion assumptions to your chosen amount. The result is a hypothetical value, not a completed transaction.
Your amount vs. the investment minimum
Your amount sets the size of the illustration. It does not establish the minimum required to join that funding round.
Access depends on the offering
Investor eligibility and allocations depend on the offering’s terms. A recorded funding price does not mean everyone could invest at that price.
Direct shares and fund units differ
A direct share and a unit in a fund or investment vehicle can have different rights and costs. This scenario does not establish a specific investment route.
A price is not a cash exit
Lockups, transfer restrictions and available buyers can affect a holder’s ability to sell. The displayed value does not assume a sale.
Approximate model using published filing prices and the reviewed conversion factor. Not realized proceeds, a current value or proof that you could invest at these terms. Fees, taxes, preferences and individual selling restrictions are not modeled.
1 reviewed private share series linked to a historical IPO offer price.
02
The endpoint matters
$19.00 per share at the historical IPO offering. An offer-price mark is not an executed sale. You can also enter a public price within the reviewed date window.
03
Read it realistically
Your amount is hypothetical. The evidence does not establish your investment minimum, eligibility or ability to sell.
Compare the supported funding stagesA fixed $10,000 illustration makes the entry points easier to compare.
Selected reviewed stages, not a complete fundraising history. The same hypothetical amount is used in every row. Private investments can lose all their value.
There are no daily private-market prices between these observations. We do not fill the gaps with an invented curve. Investment returns require the specific security, entry terms, dilution and an actual exit or appropriate mark.