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

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

[Quiddity Index] Nikkei 225 Sep26 Rebal - Difficult Deletes and Mathing the Math on Three Caps

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

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

[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

Quiddity Advisors

Equity Capital Markets

<ul>
<li>After the Nikkei's article Friday, at the lunch break today, <a href="https://www.smartkarma.com/entities/archion-corporation" target="_blank" data-smartkarma-citation="entities:47577:1" rel="noopener">Archion (543A JP)</a> announced Daimler Truck and <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> would each sell 394mm shares in an offering.</li>
<li>The offering will have a greenshoe of 118.2mm shares so the total comes to 906mm shares, to be priced 22-27 Dec and placed 5 days later.</li>
<li>The price is lower as the stock is lower. Some index demand now, more later. It is a re-IPO with the offering size at 600% of current MaxRealWorldFloat.</li>
</ul>


After the Nikkei's article Friday, at the lunch break today, Archion (543A JP) announced Daimler Truck and Toyota Motor (7203 JP) would each sell 394mm shares in an offering.
The offering will have a greenshoe of 118.2mm shares so the total comes to 906mm shares, to be priced 22-27 Dec and placed 5 days later.
The price is lower as the stock is lower. Some index demand now, more later. It is a re-IPO with the offering size at 600% of current MaxRealWorldFloat.


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