By Echo Wang Feb 27 (Reuters) - A group of global investors including Qatar Holdings, an investment arm of Qatar Investment Authority, Visa and Abu Dhabi Investment Authority, is preparing to ‌invest more than $200 million as cornerstone investors in the U.S. initial public offering by SoftBank's ‌PayPay, according to two people familiar with the matter. PayPay, a Japanese digital payments provider, is targeting a valuation of up to $14 ​billion in the offering, one of the people said, in what could be ...

Core Viewpoint - PayPay, a Japanese digital payments provider, is preparing for an IPO in the U.S. with a target valuation of up to $14 billion, potentially marking the largest listing for a Japanese company on a U.S. stock exchange [2][7]. Group 1: IPO Details - A consortium of global investors, including Qatar Holdings, Visa, and Abu Dhabi Investment Authority, is set to invest over $200 million as cornerstone investors in PayPay's IPO [1]. - The IPO is planned for the Nasdaq next month, having been delayed from its initial December timeline due to a prolonged U.S. government shutdown affecting regulatory processes [3]. - PayPay aims to attract cornerstone investors to enhance the IPO's appeal [3]. Group 2: Financial Context - The IPO is crucial for SoftBank Group, which is heavily investing in artificial intelligence, having committed $30 billion to OpenAI and sold significant assets, including a $5.8 billion stake in Nvidia and $4.8 billion in T-Mobile U.S. shares [4]. - The PayPay listing could provide a timely cash boost for SoftBank, marking its first U.S. listing for a SoftBank-majority business since Arm Holdings [4]. Group 3: Company Background - PayPay was established in 2018 through a joint venture between SoftBank and Yahoo Japan, significantly contributing to Japan's digital transformation by promoting cashless payments [6]. - As of December 31, PayPay has approximately 72 million registered users, making it one of Japan's most widely used payment platforms [6][7]. - Recently, PayPay announced a partnership with Visa to facilitate its expansion into the U.S. market [5].

About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded ...

Core Viewpoint - Rosen Law Firm is reminding former stockholders of Smartsheet Inc. about a class action lawsuit related to the company's January 2025 sale to a consortium led by Blackstone, Vista Equity Partners, and Platinum Falcon, with a lead plaintiff deadline of February 24, 2026 [1] Group 1: Class Action Details - Former Smartsheet stockholders may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by February 24, 2026 [1] - The complaint alleges that Smartsheet's solicitation of stockholder approval for the Buyout involved a false and misleading Proxy statement that mischaracterized the company's financial performance [1] Group 2: Allegations Against Defendants - The defendants are accused of intentionally portraying Smartsheet's quarterly earnings negatively and emphasizing a fabricated financial metric to solicit approval for the Buyout [1] - Mark P. Mader, a defendant, is alleged to have failed in his disclosure duties by not exercising reasonable care [1] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked highly for settlements since 2013 [1] - In 2019, the firm secured over $438 million for investors, showcasing its capability in handling such cases [1]

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Core Insights - The shift in investor sentiment towards warehousing and logistics indicates a structural transformation in India's real estate landscape, moving from traditional office and retail investments to logistics platforms as the dominant strategy [1][21] - Institutional interest in warehousing has transitioned from exploratory to conviction-led, highlighting its importance as strategic economic infrastructure [5][21] - The pandemic has reshaped supply-chain thinking, leading to increased demand for resilient, India-focused supply chains and higher inventory buffers [16][22] Warehousing and Logistics Growth - Industrial and warehousing leasing reached a record high in 2025, with absorption hitting 36.9 million sq ft, reflecting a 16% year-on-year growth [8][21] - Delhi NCR and Chennai emerged as the most active industrial hubs, accounting for 24% and 22% of annual absorption respectively [8][10] - Q4 2025 saw a significant uptick in leasing activity, with 10.4 million sq ft absorbed, driven by large transactions and expansion-led demand [9][21] Demand Drivers - The demand for logistics assets is primarily driven by third-party logistics (3PL) companies, engineering firms, and e-commerce players, with 3PL accounting for about 32% of total leasing [11][21] - Large-format transactions, such as those by ScootsyLogistics and Amazon, underscore occupier confidence and the growing scale of operations [11][21] - The shift towards modern logistics facilities is influenced by the need for higher ceilings, better flooring standards, and integrated technology systems [15][22] Structural Changes - India's rapid digital transformation has altered consumption and distribution models, expanding e-commerce penetration into Tier-II and Tier-III cities [14][22] - Government policy initiatives, including infrastructure upgrades and logistics corridor development, have improved connectivity and reduced transportation bottlenecks [16][22] - The formalisation of the economy has favored organized logistics players, leading to a preference for large, compliant facilities over fragmented storage units [17][22] Investment Landscape - Institutional investors are increasingly comfortable with the risk-return profile of logistics assets, which offer stable cash flows and long-term leases [18][22] - Warehousing has evolved from a tactical allocation to a strategic investment, driven by structural transformation in the economy [18][22] - The growth of e-commerce and the need for modern logistics infrastructure align with India's manufacturing ambitions and global supply chain integration [19][22] Challenges Ahead - Despite the positive outlook, challenges such as land acquisition complexities, regulatory approvals, and infrastructure gaps may hinder project execution [20][22] - Potential rental growth moderation could occur if supply outpaces demand in specific micro-markets, and increased competition may compress yields over time [20][22]

Core Viewpoint - The Smartsheet Inc. class action lawsuit alleges that shareholders were misled during the acquisition process by Blackstone Inc. and Vista Equity Partners, resulting in an unfair cash price for their shares [3][4]. Group 1: Class Action Details - Shareholders who held Smartsheet securities as of October 25, 2024, can seek appointment as lead plaintiff until February 24, 2026 [1]. - The lawsuit is titled Kara Eftimoglu v. Mader, No. 25-cv-02530 (W.D. Wash.) [1]. - The lawsuit claims that a misleading Schedule 14A Proxy statement was issued, leading to the approval of the merger at an unfair price of $56.50 per share [3]. Group 2: Allegations Against Smartsheet - The lawsuit alleges that Smartsheet's management promoted its Annual Recurring Revenue (ARR) metric as a key indicator of future performance, but this was not disclosed in the Proxy [4]. - The Proxy also failed to include January 2024 forecasts, preventing shareholders from fully assessing Smartsheet's financial prospects [4]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who held Smartsheet securities to seek lead plaintiff status, representing the interests of the class [5]. - Robbins Geller Rudman & Dowd LLP is a leading firm in securities fraud litigation, having recovered over $916 million for investors in 2025 alone [6].

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Core Viewpoint - Smartsheet Inc. shareholders are encouraged to participate in a class action lawsuit against the company due to alleged violations related to the merger with Blackstone Inc. and Vista Equity Partners, with a deadline for lead plaintiff applications set for February 24, 2026 [1]. Group 1: Class Action Details - The class action lawsuit is titled Kara Eftimoglu v. Mader, No. 25-cv-02530 (W.D. Wash.) and pertains to shareholders who held Smartsheet securities as of October 25, 2024 [1]. - The lawsuit alleges that a misleading Schedule 14A Proxy statement was issued, leading shareholders to approve the merger at an unfair price of $56.50 per share [3]. - The complaint claims that the Proxy failed to disclose critical financial metrics, including the Annual Recurring Revenue (ARR), which was touted in press releases and earnings calls as a key indicator of Smartsheet's financial performance [4]. Group 2: Financial Metrics and Forecasts - Smartsheet's ARR metric was emphasized by management as a significant indicator of future performance, yet it was not included in the Proxy statement [4]. - The Proxy also did not disclose January 2024 forecasts prepared in the ordinary course of business, hindering shareholders' ability to assess the company's financial prospects [4]. Group 3: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who held Smartsheet securities as of the record date to seek appointment as lead plaintiff in the class action [5]. - A lead plaintiff represents the interests of all class members and can choose a law firm for litigation, with participation in potential recovery not contingent on being the lead plaintiff [5]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [6]. - The firm has a strong track record, being ranked 1 in securities class action recoveries for four out of the last five years [6].

SAN DIEGO, Jan. 27, 2026 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that Smartsheet Inc. (NYSE: SMAR) shareholders who held Smartsheet securities as of the record date, October 25, 2024, and were harmed by defendants' alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 in connection with the acquisition of Smartsheet by Blackstone Inc., Vista Equity Partners Management, LLC, and the Abu Dhabi Investment Authority ("Merger"), have until February 24, 2026 to s ...