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II. Nextdoor (KIND) took over Khosla’s listing as of Monday morning.</p>\n<p>However, the stock rapidly rose as much as 52.5% to $16.96 in its first few minutes of trading, prompting the NYSE to halt trading three times.</p>\n<p>Action resumed at around 10:09 a.m. ET, with KIND ahead 43.7% at $15.98 shortly before 10:15 a.m. ET.</p>\n<p>Nextdoor (KIND) runs more than 275,000 hyperlocal social-media sites around the world where neighbors share local news, classified ads and more.</p>\n<p>KIND agreed in july to go public via a SPAC merger with Khosla at a $4.3B valuation.</p>\n<p>The deal included a $270M public investment in private equity (“PIPE”) backed by entities affiliated with Cathie Wood’s ARK Invest, Baron Capital, Dragoneer, ION Asset Management, T. Rowe Price, Tiger Global and other tops firms.</p>\n<p>The PIPE also included Khosla Ventures, Nextdoor CEO Sarah Friar and U.K. financial firm Hedosophia. Hedosophia famously partnered with Chamath Palihapitiya’s Social Capital to create the Social Capital Hedosophia series of special purpose acquisition companies.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hyperlocal social-media firm Nextdoor pops 52% on first post-SPAC day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHyperlocal social-media firm Nextdoor pops 52% on first post-SPAC day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-08 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3766814-nextdoor-stock-halted-after-popping-on-first-post-spac-day><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hyperlocal social-media network Nextdoor(KIND)popped more than 50% Monday on its first trading day after going public via a SPAC merger, prompting the New York Stock Exchange to briefly halt trading ...</p>\n\n<a href=\"https://seekingalpha.com/news/3766814-nextdoor-stock-halted-after-popping-on-first-post-spac-day\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KIND":"Nextdoor Holdings"},"source_url":"https://seekingalpha.com/news/3766814-nextdoor-stock-halted-after-popping-on-first-post-spac-day","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1167164270","content_text":"Hyperlocal social-media network Nextdoor(KIND)popped more than 50% Monday on its first trading day after going public via a SPAC merger, prompting the New York Stock Exchange to briefly halt trading on the name three times.\nKIND opened at $11.74, 5.6% above Friday’s final closing price for Khosla Ventures Acquisition Co. II. Nextdoor (KIND) took over Khosla’s listing as of Monday morning.\nHowever, the stock rapidly rose as much as 52.5% to $16.96 in its first few minutes of trading, prompting the NYSE to halt trading three times.\nAction resumed at around 10:09 a.m. ET, with KIND ahead 43.7% at $15.98 shortly before 10:15 a.m. ET.\nNextdoor (KIND) runs more than 275,000 hyperlocal social-media sites around the world where neighbors share local news, classified ads and more.\nKIND agreed in july to go public via a SPAC merger with Khosla at a $4.3B valuation.\nThe deal included a $270M public investment in private equity (“PIPE”) backed by entities affiliated with Cathie Wood’s ARK Invest, Baron Capital, Dragoneer, ION Asset Management, T. Rowe Price, Tiger Global and other tops firms.\nThe PIPE also included Khosla Ventures, Nextdoor CEO Sarah Friar and U.K. financial firm Hedosophia. 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