Nextdoor Goes Public Via SPAC Merger; Begins Trading Today

The neighborhood network Nextdoor, Inc KIND will begin trading from November 8 following its special purpose acquisition company (SPAC) merger with Khosla Ventures Acquisition Co II KVSB.
The combined entity will begin trading on the NYSE under the symbol "KIND."
Khosla valued Nextdoor at $4.3 billion, the Wall Street Journal reports.
Nextdoor connects neighbors to nearby neighbors, businesses, and public services, creating a highly engaged, hyperlocal network, building meaningful online and offline connections.
"Through the KVSB trust proceeds and the fully committed private placement, we raised $674 million that will help us to fund long-term growth at scale and enable our purpose of cultivating a kinder world where everyone has a neighborhood to rely on," Nextdoor CEO Sarah Friar said. "We chose "KIND" as our NYSE ticker as kindness is core to Nextdoor's purpose.
Nextdoor includes a feature similar to Meta Platforms Inc's FB Facebook Marketplace, where users can sell furniture, clothes, and other items directly to their neighbors.