The Funded: Nextdoor may seek valuation of $4B-$5B in an IPO

Nextdoor Inc., the neighborhood-based social networking business, reportedly is weighing whether to join the parade of Bay Area companies going public. Bloomberg cited unnamed sources on Friday afternoon who said the San Francisco company is targeting a valuation of about $4 billion to $5 billion. It said Nextdoor is weighing all of its options, including an IPO, a direct listing or a reverse merger with a blank check company in a move that would happen by the end of next year. Bloomberg reported…