Nextdooris the latest company seeking to go public through a merger with a special-purpose acquisition company (SPAC).
Up front:Nextdoor announced its plan after usage surged during lockdowns.
The deal is expected to be completed in the fourth quarter.
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Background:SPACs became a hot investment trend on Wall Street last year.
Quick take:Nextdoors announcement shows theres still an appetite for SPACs.
The companys share price performance will provide signals about the methods benefits and risks.
Story byThomas Macaulay
Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he e(show all)Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he enjoys playing chess (badly) and the guitar (even worse).
