The emerging company will trade under the ticker symbol “KIND.” Nextdoor’s merger with Khosla Ventures Acquisition Co II (NASDAQ: KVSB) is expected to close in the fourth quarter. San Francisco-based Nextdoor is led by a very capable C-suite, headed by former Square (NYSE: SQ) CFO Sarah Friar, who is trying to aggressively expand the platform into new areas into new territories while continuing to allocate capital to both small businesses and in its proprietary advertising technology to support its monetization and revenue streams. In total, the company has raised $447.9 million. It achieved a valuation of $2.2 billion in its last financing round, which took place in September 2019. Overall, Nextdoor serves over 275,000 neighborhoods around the world and in nearly 1-in-3 U.S. It allows users to organize events, alert neighbors of danger, and share useful information. But last month, news broke that the company will go public through a reverse merger with a special purpose acquisition company. Neighborhood-focused social media and news app Nextdoor is tight-lipped regarding how it will go public. Hence, they are excellent prospective picks for your portfolio: But these enterprises offer the best of both worlds. Ultimately, every company has its growth stories and prospects. They have been selected for their forward-looking operational models and unicorn-level valuations. This list provides you with seven of the most anticipated upcoming IPOs to watch in the latter half of the year. That’s why you need a sound investment strategy that will help you make sense of the situation and ensure you pick a multi-bagger. For every company touting to be the next Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), or Tesla (NASDAQ: TSLA), several other companies will end up promising the world while losing money. And this year is shaping up to be an excellent one for IPOs once again.īut there is a need for caution as well. Last year saw the debut of Airbnb (NASDAQ: ABNB), Palantir (NYSE: PLTR), Snowflake (NYSE: SNOW), DoorDash (NYSE: DASH), and Unity Software (NYSE: U), all of whom had blockbuster listings. According to FactSet data, the volume of IPOs more than doubled from 2019, with 494 IPOs raising a combined $174 billion, setting new records on both counts. Despite the novel coronavirus pandemic, last year saw several highly anticipated initial public offerings, or IPOs.
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