Learn how to invest in Nextdoor stock. Open an account with an online stock broker such as M1 Finance to buy KIND stock today. The SPAC merger with Khosla Ventures Acquisition Co. II completed on 11/05/2021.
Nextdoor stock began trading under the symbol “KIND” on Monday, November 8th, changed from KVSB.
Latest Nextdoor Stock IPO News
11/08/2021: Nextdoor stock symbol now trading as KIND
11/02/2021: Khosla Ventures Acquisition Co. II stockholders approve business combination with Nextdoor
10/26/2021: Nextdoor announces Q3 earnings date and provides select Q3 highlights
09/23/2021: Nextdoor updates full year 2021 and 2022 guidance
07/06/2021: Nextdoor to become a publicly-traded company through SPAC merger with Khosla Ventures Acquisition Co. II
05/05/2021: Facebook launches Neighborhoods, a Nextdoor clone
10/16/2020: Nextdoor Is Said to Eye Public Listing, $5 Billion Valuation
09/10/2019: Nextdoor adds new funding, closes growth round at $170M with $2.1B valuation
What is Nextdoor?
Nextdoor is a “hyperlocal” private social network platform where neighbors connect online.
It’s more local than Facebook and safer to transact than Craig’s List. Members must register with their real names and addresses.
Communication in the app is by neighborhood, and the user controls the communication radius.
The app helps people find professional services and contractors by asking neighbors for recommendations.
Nextdoor can also be used to track down missing pets, borrow tools, or sell unwanted furniture.
Members in my neighborhood often talk about annoyances such as local crime, disputed coyote sightings, airplane noise, speeders, and disrespectful neighbors.
Nextdoor is a San Francisco-based company founded in 2008.
This video is an example of how some users may utilize the network:
Is Nextdoor Stock Publicly Traded?
Yes.
When is the Nextdoor IPO Date?
The company announced it would go public via SPAC merger with Khosla Ventures Acquisition Co. II (KVSB).
The deal was announced on July 6th, 2021.
It closed on November 5th, 2021, and the stock symbol was changed to KIND on November 8th, 2021.
Stockholders of KVSB as of 10/6/21 needed to exercise their right to vote in the merger with Nextdoor before the deadline of 11/2/21.
The company was considering a traditional IPO, direct listing IPO, and SPAC (special purpose acquisition company) merger.
Bookmark this page for the latest Nextdoor SPAC news.
Will There be a Nextdoor SPAC Acquisition?
YES! It is now complete. You can buy KIND stock like any other public company.
A SPAC is a special purpose acquisition company, also known as a blank check company. They are shell companies designed to help established businesses go public without a traditional IPO.
The SPAC company merges with the established company and takes on the established company’s name. It’s also known as a reverse merger.
SPACs have become popular recently after Virgin Galactic, Lordstown Motors, and Nikola used them to become publicly traded companies.
So many SPACs have gone public in the past 12 months that it’s likely Nextdoor receives pitches each week.
This could put Nextdoor in a strong position to go public via a SPAC, considering it’s a well-established social media startup.
At a $5+ billion valuation, as suggested by Bloomberg reporting, Nextdoor is large enough to maintain its options and focus on growth before worrying about shareholders.
Using a SPAC to go public allows the company to skip the complicated and expensive IPO process.
Not all companies are ready to IPO, making SPACs an attractive alternative to an IPO where the company can still raise new funds.
However, the more established a company is, the more resources it can hire to facilitate the traditional IPO process.
When early investors and employees need liquidity, and the company generates more significant revenue, the company will decide on the best way to go public — a traditional IPO, direct IPO, or SPAC merger.
What is the Nextdoor Stock Price?
The Nextdoor stock price is below.
What is the Nextdoor Stock Symbol? Nextdoor Ticker?
The Nextdoor stock symbol is “KIND”.
NEXT and DOOR were both already taken.
Will Nextdoor Stock be a Motley Fool Stock Advisor Recommendation?
We won’t know until after the IPO if Nextdoor will be a Motley Fool Stock Advisor recommendation. However, Nextdoor fits the mold of high-growth, disruptive business models that the Fool typically recommends.
Other social media companies have enjoyed previous Fool recommendations, including Facebook, Twitter, and Pinterest.
Nextdoor will undoubtedly be on their radar once public.
Fool newsletter subscribers are notoriously long-term-minded and rarely sell, meaning the stock price will continue to rise.
Nextdoor may also receive a recommendation by the Motley Fool Rule Breakers (Rule Breakers review) newsletter or other premium services.
Both services have handily beaten the broader market since the early 2000s.
Read this Motley Fool Stock Advisor review to learn about the stock selection methodology and about how you can participate in excellent returns.
Stock Advisor is currently half-off at just $99 for an annual subscription.
Can you Invest in Nextdoor Stock Today?
Yes.
Best Brokers to Buy Nextdoor Stock
What is the best online brokerage for buying Nextdoor stock?
If you want to attempt to participate in future IPOs, TradeStation and Webull are the best low-minimum investment IPO brokers for investors with assets under $100,000.
See the complete list of best brokers for IPO investing here.
Joining a broker that offers access to IPOs does not guarantee a share allocation, especially in high-demand IPOs. You are probably better off waiting for the company to start trading after the IPO.
Long-term buy and hold investors may prefer a broker not as geared toward frequent trading.
As an individual investor, you’ll want to open an account with a commission-free online broker. That way, you’ll invest most of your money instead of waste it on fees.
I’m a big fan of the online brokerage M1 Finance. M1 Finance is a reliable and robust, no-fee online broker for beginner to advanced investors.
As your investing skills and portfolio mature, M1 is one of the best platforms to scale.
Investing in stocks is 100% free on the platform. They also offer an integrated checking account and low borrowing rates. Read my complete M1 Finance review here.
The platform is more intuitive than old-school brokers because it’s built on a modern technology platform. You create portfolio “pies” that contain all the stocks and ETFs you want to own and in what percentages. Add Nextdoor stock to your portfolio pie once it begins trading.
M1 Finance does not offer IPO access. But it’s my favorite for long-term investing, which is my preferred strategy for disruptive IPO companies.
* Disclosure: The web page contains affiliate links from our partners. If a reader opens an account or buys a service from a link in this article, we may be compensated at no additional cost to the reader. Opening an account with a broker that provides access to IPOs does not guarantee the customer allocations of specific IPOs. The author is long TSLA, ABNB, FB, TWTR, BYND, PINS.