Nextdoor, the wildly popular app that focuses on connecting users to other people living nearby them, went public last week following a merger with a special acquisition company.
Shares began trading last week under the ticker symbol “KIND” for $11.60, quickly jumping to more than $18. As of Oct. 15, shares opened $13.21 on the New York Stock Exchange.
Because Nextdoor focuses on physical communities (as opposed to virtual spaces), it has also long been a source of leads and clients for real estate agents and brokers.
The merger deal valued Nextdoor, which is in more than 275,000 neighborhoods around the world, at $4.3 billion.