Nextdoor Stock: How to Buy the Stock Today
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The Nextdoor stock 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.
Table of Contents
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.
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.
Can you Invest in Nextdoor Stock Today?
Yes.
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