Nextdoor Is Said to Eye Public Listing, $5 Billion Valuation
- Social network for neighbors had rebuffed SPACs in the past
- Company was last valued at $2.2 billion in September 2019
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Nextdoor Inc., a social network for neighbors sharing information or trading goods and services, is considering options to go public, including an initial public offering, according to people with knowledge of the matter.
The company is targeting a valuation in the range of $4 billion to $5 billion, said the people, who requested anonymity because the talks are private. Nextdoor might also go public through a direct listing or by merging with a blank-check firm, and a transaction may happen before the end of next year, one of the people said.