How to buy Nextdoor shares (KIND)

Nextdoor is a social media network for entire neighbourhoods. It is due to make its debut on the public markets, so find out everything you need to know before this occurs, including where to buy Nextdoor stock online.
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Updated: Jun 13, 2022
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For years, Nextdoor has been a private company. However, this is set to change in 2021, when it’s going to become public so that you can buy shares in it. With this in mind, this page guides you through the key things you need to know before you invest in Nextdoor stock.

Nextdoor IPO

The company has experienced success for over a decade, creating something of a niche in the social network market. While its development has been strong, it appears Nextdoor now intends to put its foot to the floor and generate further growth.

To do this, it will be selling equity to the public in the form of shares. Then, it can use this capital to bankroll growth ventures such as marketing, mergers and acquisitions, and workforce expansion efforts. Moreover, it isn’t just the company’s infrastructure that could benefit. By going public, Nextdoor would enhance its reputation because it would be audited each year by independent regulators.

Nextdoor is going to make this move onto the public markets through something called a ‘SPAC’, which stands for ‘special purpose acquisition company’. The SPAC is a public entity that raises money by selling shares to the public through a stock exchange and then finds a business to merge with. Khosla Ventures Acquisition Co is the SPAC that’s going to merge with Nextdoor.

When is the IPO?

There isn’t going to be an IPO, the stock will simply start trading when the merger between Khosla Ventures and Nextdoor is complete. That’s likely to be at some point in 2021, but there is no fixed date at the moment.

Can I pre-order Nextdoor shares?

Yes, in a sense. When the merger is complete, the stock that currently trades as KVSB on the NASDAQ exchange will become Nextdoor stock. However, it may not be a 1:1 transfer and so it is safer to wait until the merger is complete. Then, Nextdoor will start trading under the ticker, KIND.

Where can I do this?

We recommend you invest in Nextdoor shares via an online broker. You can sign up now to start investing, so that you’re ready to go on the day that Nextdoor begins trading.

Compare the best platforms to invest in Nextdoor shares

To save you some time, below are some of the best places to buy Nextdoor shares. Our team of analysts has tested them extensively to make sure they are up to the job. If you want to know more about Nextdoor as a company, simply scroll down this page.

1
Min. Deposit
$10
Promotion
User Score
10
Trade/invest in stocks with just $10
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
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Description:
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Investoo Ltd is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Investoo Ltd to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.
2
Min. Deposit
$0
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User Score
9.3
$0 commission and $0 Options contract fees
Upgraded research with advanced charts
Smart Menus for faster trades
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Description:
Firstrade is a leading online brokerage firm offering a full line of investment products and tools designed to help investors like you take control of your financial future. Since its founding in 1985, Firstrade has been committed to providing high value and quality services to help you reach your financial goals.
Payment Methods
Full regulations list:
3
Min. Deposit
$500
Promotion
User Score
8.7
We offer one of the best execution speeds in the industry with low latency
Award-winning support in 14 languages
Trade with precision from 0.5 pips on EURUSD
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Description:
Founded in Switzerland, ActivTrades has been around since 2001, which means it has more than two decades of experience in the fintech industry. The independent brokerage house started as a small firm, but it is now a global retail and institutional broker. In 2005, ActivTrades moved its HQ to London, and it began growing rapidly through Europe. ActivTrades offers a lot of benefits to its clients, including educational tools, rewards programs, competitive spreads, and the use of MetaTrader 4 and MetaTrader 5, two industry-leading platforms.
Payment Methods
Bank Transfer, Bank Wire, Credit Card, Debit Card, PayPal, Sofort, neteller, skrill
Full regulations list:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

How to buy Nextdoor stock, a step-by-step guide

Anyone can invest in a company nowadays, and it can be a great way to make your money work as hard as you do. Below are the 5 steps that you should follow to successfully invest in the company. 

  1. Choose a broker. To get started, you need to use an online brokerage platform. There are many different options to choose from, each with its own unique benefits and drawbacks. The comparison table above can help you select the right broker for you, and you can head to our comprehensive broker reviews if you’re still unsure.
  2. Create an account. Once you’ve selected your broker, simply go to their website and create an account. The steps required for this will vary from platform to platform, but generally, you can expect to have to provide your name, email address, phone number, and some form of photo identification.
  3. Deposit funds. Log into your broker account and select the option to deposit funds. Depending on your broker you’ll have a variety of payment options available; most brokers accept bank transfers and debit card payments, but not all accept e-wallets such as PayPal. Select your preferred payment method and deposit the amount of money you wish to invest in Nextdoor shares.
  4. Place an order for KIND stock. Now navigate to the stocks section of your chosen platform. Here you can search for Nextdoor’s ticker symbol and see the current price at which the stock is trading. If you’re happy with the price, enter the number of shares you wish to purchase and place your order.
  5. Execute your order. Once you have placed your order, your broker will automatically execute it for you and your Nextdoor shares will be listed in your account. Congratulations, you’ve just bought shares in Nextdoor!

What is Nextdoor? And should I invest?

Founded in San Francisco in 2008, Nextdoor is what is called a hyperlocal social network. Essentially, it is a service for neighbourhoods to communicate with each other about local news and affairs, and to provide recommendations of services. Users can also pay to advertise on the platform for things like real estate, and this feature was added in 2017. The overall goal appears to be moving neighbourly interactions into the digital age.

There is plenty of room for discussion on Nextdoor, including a separate forum for political debates, though there are limits. For example, canvassing for votes is outright prohibited on the platform. Moreover, the platform has experienced controversy during its existence, with allegations of racial profiling in 2015 perhaps sitting on top of that pile.

Having acquired UK local social network service Streetlife in 2017, and local news site Hoodlin in 2019, Nextdoor is aiming to take control of this relatively unexplored sector, though there are threats on the horizon. For example, tech giant Facebook has been toying with the idea of a neighbourhood feature for years, and this could be disruptive to Nextdoor’s market share.

How has the company performed in recent years?

It has performed extremely well from a commercial angle and is now available in 11 countries, claiming members in 270,000 neighbourhoods globally. It is viewed by many investors as an innovative growth stock with the potential to become a useful component of community life.

The real unique selling point here is the platform’s emphasis on accountability and its local focus. The lack of anonymity is unique in this sector because it is the only major social network that requires its users to verify their name, address, and neighbourhood. This means that should any vitriol be spewed online, it won’t be difficult to find the source, unlike a troll-friendly platform like Twitter.

While there are competitors on the social media landscape, those who believe in Nextdoor’s credentials are not worried. The company has an obvious first-mover advantage. In addition, historically, when platforms like Facebook have made forays into new sectors, such as Facebook Dating, they haven’t managed to prise any market share away from the established players in that particular sector.

Is it a good time to buy Nextdoor shares now?

You can’t buy shares in Nextdoor now. Instead, you need to wait until the merger is complete and shares are made available to the public. Before you commit to investing in Nextdoor, make sure you are familiar with the risks and understand the stock market. For long-term investors, conduct a fundamental analysis of Nextdoor and decide its value.

In the case of short-term traders, Nextdoor’s status as an unproven public company could lead to volatility, and if you can play your cards right, this could lead to returns. Trading can be risky, so before you jump in with both feet, make sure to carry out a technical analysis of the market so you avoid making any common errors.

If you do decide to invest in Nextdoor, make sure you stay informed about the latest developments in the financial markets. To expedite this process, we have listed the top recent market analysis below for your consumption:

Apple shares have weakened from their recent highs above $140, and the current price stands around $128. Apple reported better than expected second-quarter results last week, and the company increased the quarterly dividend by 7.3%. Fundamental analysis: Morgan Stanley raised its target on Apple from $158 to $161 Apple shares…
Under Armour (NYSE: UAA) shares have weakened from their recent highs despite better than expected first-quarter results. The U.S. stock market is losing some ground this Tuesday, which also negatively influences Under Armour shares. Fundamental analysis: Under Armour shares are not undervalued Under Armour is an American sports equipment…
McDonald’s shares advanced after the company reported better than expected first-quarter results and closed the week at $236,08. Fundamental analysis: UBS raised its price target from $240 to $255 Even with the COVID-19 pandemic, this company’s business is going well, and McDonald’s reported better than expected first-quarter results last week.

Buying, selling and trading shares for beginners

What to do before buying shares

You should always take the time to research a stock fully before investing your money, especially if you haven’t bought shares before. The more knowledge you have, the better your chances of making a wise investment. 

With that in mind, here’s a checklist to run through before investing in Nextdoor shares.

  1. Research the company. You should always examine the fundamentals of a company before investing. What is Nextdoor? How did the company get its start? How did it grow? Is Nextdoor’s revenue and profit growth picking up? Is the company innovating? The more you know about Nextdoor, the better positioned you’ll be to make smart investment decisions.
  2. Make sure you understand the basics of stock investing. Before getting involved in the stock market, make sure you have an understanding of how it works. This will ensure that you have more clearly defined goals and have thought through how you will achieve them.
  3. Decide between share dealing and CFD trading. Choose the type of investment strategy you want to pursue, and make sure you have carried out the necessary fundamental or technical analysis for share dealing and CFD trading respectively.
  4. Set the size of your budget. The golden rule of investing is never to risk more than you can afford to lose. Not every investment you make will result in a profit, so it is important to set a budget that not only allows good potential for capital growth, but also protects against overly damaging losses.
  5. Find the right broker. Individual brokers each have their own pros and cons. Some will have low fees but have a user interface you struggle to understand, whereas others may be a bit more expensive but come with a range of features that you want to take advantage of. Our reviews can help you find the right platform for you.
  6. Examine broader market conditions. No stock exists in a vacuum, and it’s always important to analyse the general trends of the stock market as a whole before investing. If a bear market is setting in and stock prices are falling, it’s best to wait it out and invest your money later when the stock is cheaper. If, however, the market is looking bearish, you’ll want to make your investment quickly to get the maximum benefit from rising stock prices. Our news can help you keep on top of movements in the financial markets.

What is the difference between buying, selling, and trading shares?

If you’re new to stock investing, then it’s important to understand the basics. Here’s a quick run-through of what’s involved in each phase of the investment process.

Buying Nextdoor

This process involves finding a broker and placing an order for Nextdoor stock, as outlined in the steps further up this page. Ideally you want to time your investment when the stock’s price is low so that you can profit by selling the shares after they increase in value.

Selling Nextdoor

When you sell any Nextdoor shares you have bought, you’ll want to do so at a higher price than the one at which you bought to earn a profit. 

When you sell is up to you. You might decide to hold for the long term, hoping to benefit from the company growing steadily throughout. Or, if you see that Nextdoor’s stock is already up a lot compared to the price you bought it and you’ve noticed that the stock market is starting to fall, it might make sense to sell and take your profits to invest elsewhere. Equally, if the stock has fallen since you bought it and looks set to fall further, it might be a good idea to cut your losses by selling your shares.

Trading Nextdoor

Trading is the same process as buying and selling shares, it’s just done over shorter periods of time with the aim to make small profits on a regular basis. This means that you can make money faster and spend your profits in your day-to-day life – however, on the other side it means you can lose money faster as well. For inexperienced investors, we generally recommend making investments for at least 6 months to a year instead of making trades in quick succession.

You can trade Nextdoor shares outright or use CFDs. These allow investors to speculate on stock prices and trade with leverage in pursuit of bigger gains. CFDs trading is explained further in the next section, but it is worth noting that beginners should avoid trading with leverage. It comes with large risks and is best left to experienced investors.

Share dealing vs CFD trading

When it comes to investing in any stock, the two options you have are share dealing and trading. Which one of these methods to opt for largely depends on your investment timeline, with investors thinking long term tending to go for share dealing, and those looking for short term gains pursuing a more aggressive trading strategy.

Here’s a quick summary of the two approaches, and the pros and cons of each.

Share dealing 

Share dealing refers to the practice of holding shares in a particular company over the long term. When investing like this, you’re seeking to profit either from dividend payments or an increase in the stock’s price over time.

When investing your money this way, it is important to do thorough fundamental analysis of the company in which you are investing. You want to put your money in a stock you believe will trend upwards over time, even if there is some market volatility along the way, rather than get distracted by shorter term peaks and troughs.

Pros

  • Can build wealth over time to achieve financial goals
  • Don’t need to be very reactive to short-term market movements
  • Some stocks will give you an income through regular dividend payments

Cons

  • Takes a long time to realise any profits
  • Your capital is tied up in stocks and cannot be used for other investments

CFD Trading 

If your aim is to generate profits in the short term, then you might be better off trading shares than holding them in your portfolio. Stock trades like this are executed using CFDs (contracts for difference), which allow investors to trade against the value of a stock without having to take ownership of it. When CFD trading, investors are looking to buy and sell stocks fast to profit from short-term fluctuations in value.

One aspect of CFD trading that many investors find attractive is that they allow you to trade with leverage. This means you can place large trades while only putting up a fraction of the value yourself – for instance, if a platform offered leverage of 1:10, you could put £10 into Nextdoor shares and be able to trade £100 worth. This can maximise profits if the market moves in your favour, but be careful as it can also lead to heavy losses.

When trading using CFDs, it is key to be skilled at technical analysis and reading stock price charts. As you’re trading stocks quickly and frequently, the fundamental strength of the company in which you’re investing isn’t as important as being able to predict how its stock price will rise and fall minute-by-minute.

Pros

  • Can generate fast profits if you read the market right 
  • Some platforms allow you to trade with leverage
  • Prevents your capital being tied up so you can take advantage of investment opportunities

Cons

  • Trading with leverage is risky and can lead to big losses
  • Doesn’t necessarily generate growth over the long term

Consider which approach suits you best and craft an investment strategy that works for you. If you need more information, then simply take our stock trading course and read our guide to CFD trading to get you up to speed. 

If neither of these options appeal to you, then you can find a variety of other ways to invest in Nextdoor stock on this page. If, however, you’re ready to get involved right now, simply select one of the brokers in the table above and sign up. 

How to choose a broker

With the wide variety of online stockbrokers available these days, it can be hard to figure out which is the best service to go with. Our comparison table and in-depth reviews can help you cut through the noise, but by and large, these are the aspects you should be considering when selecting a broker:

  • Range of stocks available. The most important thing is that you can actually use the broker to purchase the shares you’re looking for. Some brokers offer more stocks than others, and many will allow you to trade other assets, such as forex and commodities.
  • Fees and commissions. You want to keep as large a chunk of your profits as you can, so it’s important to make sure your broker doesn’t charge high fees that can eat into your profits.
  • Regulation. You should only use regulated brokers to make investments. Unregulated brokers can be risky and offer little to no protection if the business were to fail while you had funds in your account.
  • Payment methods available. You might want to use a specific payment method, such as PayPal. Not all brokers accept every payment method, but by using our comparisons, you can find the brokers that support the option you’re looking for.
  • Reputation. One of the strongest indicators of a broker’s reliability is the reputation it has with the customers who have used it. Brokers are online businesses, and as such many user experiences can be found online. You can check these out in addition to our reviews to make sure you choose the right platform.
  • Customer service. As you’re going to be investing your money using the platform, you want to check that the broker offers good customer service in case you have a query or something goes wrong.

Latest Nextdoor news

Sonos (NASDAQ: SONO) shares dropped 15% after the leading audio-products manufacturer cut its full-year forecast for adjusted EBITDA and revenue. Sonos loses to analyst estimates  Even though the company recorded 19c EPS in the third quarter of the 2022 fiscal year, which was actually way better than the 6c analyst…
Nvidia Corporation (NASDAQ:NVDA) rose 3% on Friday, taking the total monthly recoveries to 22.6%. The gains came after rival SMIC saw a 42% increase in revenue in the second quarter. Nvidia reports earnings on August 24 after the market close. The consensus EPS for the company…
Peloton Interactive Inc (NASDAQ: PTON) is up 15% on Friday after the connected fitness company made a string of announcements that reiterated its commitment to “profitability”. Peloton is cutting jobs The Nasdaq-listed firm says it will cut 780 jobs (including in-house support team) and shutter an…
Crypto derivatives platform Paradigm has partnered with crypto exchange FTX to roll out futures spreads trading. The partnership, the two firms said in a press release, makes it possible for customers to access spread trading between various instruments, namely: spot, perpetuals and…

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Charlie Hancox
Financial Writer
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as a budding film director, has… read more.