cmg76
2021-07-06
Holy Moly, like here and comment!
Nextdoor to go public via $4.3 bln merger with Khosla-backed blank-check firm
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Rowe Price Associates and Cathie Wood's ARK Invest.</p>\n<p>Nextdoor Chief Executive Officer Sarah Friar and existing investors Tiger Global and Hedosophia will also invest in the deal, which will generate proceeds of about $686 million for the combined company.</p>\n<p>Founded in 2011, the San Francisco-based company allows members to use its mobile app and website to seek advice from their neighbors on anything from babysitters to organizing local sports clubs or dealing with rodent infestation.</p>\n<p>A SPAC is a shell company that seeks to merge with a private company and in the process takes it public. 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