Nextdoor, Inc. ("Nextdoor" or the "Company") and Khosla Ventures Acquisition Co. II (Nasdaq: KVSB) ("KVSB"), a special purpose acquisition company sponsored by an affiliate of Khosla Ventures, LLC ("Khosla Ventures"), today announced that they intend to list the Class A common stock of Nextdoor Holdings, Inc.Nextdoor, Inc. (“Nextdoor” or the “Company”) and Khosla Ventures Acquisition Co. II (NASDAQ:KVSB) (“KVSB”), a special purpose acquisition company sponsored by an affiliate of Khosla Ventures, LLC (“Khosla Ventures”), today announced that they intend to list the Class A common stock of Nextdoor Holdings, Inc. on the New York Stock Exchange (“NYSE”) upon closing of their proposed business combination transaction.
“We are thrilled to announce our intention to list on the NYSE and join its remarkable roster of industry-leading companies and some of the world’s most respected brands,” said Sarah Friar, Chief Executive Officer, Nextdoor. “We believe that our proposed transaction with KVSB and intent to list on the NYSE will accelerate the growth of our platform and our ability to lead in cultivating hyperlocal communities where neighbors turn daily to receive trusted information, give and get help, and build real-world connections.”
“Nextdoor and the NYSE share a fundamental belief in the power of community and the value of connecting people, data and technology,” said Stacey Cunningham, President, NYSE Group. “Nextdoor’s platform connects people to the neighborhoods that matter most to them and we are thrilled to welcome them to the NYSE community of icons and disruptors.”
Additionally, Nextdoor will be hosting its first Investor Day on Monday, September 20, 2021, beginning at 12:30 p.m. ET. The Investor Day will feature several members of Nextdoor’s Leadership team, including Chief Executive Officer Sarah Friar and Chief Financial Officer Mike Doyle. The program will include a conversation between Sarah Friar and Bill Gurley, a member of Nextdoor’s Board of Directors, and a live Q&A with Sarah Friar and Mike Doyle, as well as Kiran Prasad, Head of Product, and Heidi Andersen, Head of Revenue. The webcast registration for Nextdoor’s virtual Investor Day is available here and on our Investor Relations website, investors.nextdoor.com.
Upon closing of the proposed transaction, KVSB will de-list from the Nasdaq and the Class A common stock of Nextdoor Holdings, Inc. will begin trading on the NYSE under the ticker symbol “KIND”. The listing on NYSE will be subject to application by KVSB and Nextdoor to list the shares on NYSE and approval by NYSE of such application.