GitLab Inc. announced that it will issue 14,412,851 series D preferred shares at a price of $18.6294 per share for the gross proceeds of $268,502,766.4194 on September 10, 2019. The shares carry non-cumulative, and participating fixed dividend rate of 8% per share. The shares are non-redeemable. The shares will be convertible into common shares at a fixed conversion price of $18.6294 per share. The round will be raised at a post-money valuation of $2,487,077,696.