IPOs

Neighbourhood social media app Nextdoor plans for Spac merger

Nextdoor was valued at around $2.2bn as of September 2019

Nextdoor is merging with a special-purpose acquisition company to go public in a deal valuing the social-media network at roughly $4.3bn.

Nextdoor, which operates an app that connects people to information about their neighbourhoods, reached a deal to combine with a Spac sponsored by venture-capital firm Khosla Ventures, the companies said on 6 July.

WSJ Logo
Bill Ackman’s Pro-Tennis Debut Lasted 67 MinutesExternal link

Bill Ackman’s Pro-Tennis Debut Lasted 67 Minutes