Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

[Japan Offering] ARCHION (543A JP) Offering Announced - The RE-IPO Is On

Toyota Motor (7203 JP) Tactical Outlook After Archion Secondary Offering

Hedging Toyota's Margin Squeeze: US Tariffs, EV Competition, and the MAR27 Option Spread Strategy

[Japan Event] ARCHION (543A) HAS LANDED! Expensive, Overhang Galore; Risk Is MOOAR SQUEEZE

[Quiddity Index] Nikkei 225 Sep26 Rebal - Easy ADDs, Tough DELETEs, Two(?) Caps; And Squeeziness

[Quiddity Index] Nikkei 225 Sep26 Rebal - Changing Horses on the Top DELETE

JX Advanced Metals (5016 JP) Big Buyback, Big CB, Disappointing Guidance, Stock De-Frothing

Quiddity Advisors

Equity Capital Markets

<ul>
<li>Friday after the close the Nikkei reported that <a href="https://www.smartkarma.com/entities/toyota-motor-corp" target="_blank" data-smartkarma-citation="entities:73:1" rel="noopener">Toyota Motor (7203 JP)</a> and Daimler plan on offering ¥200-300bn of shares in <a href="https://www.smartkarma.com/entities/archion-corporation" target="_blank" data-smartkarma-citation="entities:47577:1" rel="noopener">Archion (543A JP)</a> within the month, perhaps next week.</li>
<li>This has been VERY well-flagged. OR should have been. I wrote about it in June 2025, then Jan 2026, then March 2026, then a few days later in April. </li>
<li>They say 30% of shares out or ~900mm shares which would be the full offering, but the ownership drop looks like 35.2% in their diagram. It is a BIG offering.</li>
</ul>


Friday after the close the Nikkei reported that Toyota Motor (7203 JP) and Daimler plan on offering ¥200-300bn of shares in Archion (543A JP) within the month, perhaps next week.
This has been VERY well-flagged. OR should have been. I wrote about it in June 2025, then Jan 2026, then March 2026, then a few days later in April. 
They say 30% of shares out or ~900mm shares which would be the full offering, but the ownership drop looks like 35.2% in their diagram. It is a BIG offering.


[Japan Offering] ARCHION (543A) Incoming - Big Re-IPO Now Smaller, Better