This Recent SPAC IPO's Management Thinks Its Stock Is Very Cheap

Many companies that went public over the past year have taken beatings in the recent stock market downturn, and neighborhood-focused social media platform Nextdoor (NYSE: KIND) is certainly no exception.

However, management just sent a clear message to investors that they see its stock as cheap at the current price by authorizing a relatively large share buyback plan. Here's what potential investors need to know.

Image source: Getty Images.

Source Fool.com