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Local-focused social network Nextdoor to go public

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AFP

Washington (AFP) – The neighborhood-focused social network Nextdoor said Tuesday it would list its shares in a deal that gives it a value of some $4.3 billion. Nextdoor, which operates as a local social network for some 275,000 neighborhoods across 11 countries, said it would become publicly traded in a merger with a Khosla Ventures “special purpose acquisition company” that raises $686 million. Launched in 2011, Nextdoor allows people in neighborhoods to connect to find dog walkers, babysitters or to share news, and saw a surge in interest during the coronavirus pandemic when people sought ou…

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