This neighborhood-oriented social network may be going public by IPO, direct listing or reverse merger. But nothing is set is stone and no word yet on its potential market, release date or share price.
To be honest: not much. At least not yet. Most of what we know about Nextdoor’s potential listing is speculative — including how it plans to go public. The social network platform may file an IPO, direct listing or pursue a reverse merger with a blank-check SPAC.
Once Nextdoor goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
Range of stock exchanges
Nextdoor was founded in 2011 and is headquartered in San Francisco, California. It operates as a social networking platform for neighborhoods: a place for community members to connect, share news, make recommendations and support local businesses. It makes money through sponsored ads, local business deals and neighborhood sponsorship from real estate agents and home service providers.
Today, 1 in 4 US neighborhoods use Nextdoor. The platform is available in 11 countries and connects over 268,000 neighborhoods around the world.
In March 2020, the platform's daily active users rose 80% month-over-month as Nextdoor focused on safety updates and the support of elderly neighbors and small businesses. But it came under fire in the wake of the Black Lives Matter movement when it was discovered that local Nextdoor moderators were banning posts that used #blacklivesmatter.
In response to criticism that it failed to moderate the racial profiling present on its platform, Nextdoor released a statement in June 2020 to its millions of members. In the statement, Nextdoor's CEO, Sarah Friar, condemned racism and outlined how Nextdoor plans to tighten community moderation and increase organizational diversity. It also released a new feature called a Kindness Reminder to help reduce abusive posts.
It's impossible to predict how this, or other potential future scandals, could affect Nextdoor's stock once it goes public. But scandals often lead to volatility, so it may be worth researching the company further to see how they've handled other sensitive issues.
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Nextdoor can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
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