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... pany at 400 million US Dollars, releasing 10% of its equity.

The previous total share capital of 8.57 million, after a 1:5 stock split, inflated to 42.85 million shares, with each share priced at 9.3 US Dollars.

After the new round of stock dilution, Dean’s shareholding ratio dropped to 40.32%, holding 17.27 million shares.

Sequoia Capital’s diluted stake was 13.5%, KeyPoint Ventures was 8.1%, and Morgan Tailer was left with 6.4%.

Apart from founder Dean, these th ...

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