Japan/Asia Long-Short, LightStream Research

Mio Kato

Over 15 years analysing Japanese and Asian stocks from a long/short perspective

I focus on cyclically driven sectors such as Gaming, Factory Automation and Autos

An eclectic background as a long-short analyst, upper management at a financial data startup through its listing, and as the founder of a team analysing big/alternative data, all of which supports independent and differentiated views... we hope

An appreciation for Mathematics drives the development of a "Micro-Quantamental" process which can provide a data-driven, historically-informed and semi-automated foundation upon which to layer more qualitative and judgemental analysis, thus improving investment decision-making speed and accuracy

Japan/Asia Long-Short

Airbnb IPO Preview - "It Is All About Trust"

Yanolja Unicorn Gets Ready for an IPO in Korea - "Love Hotel" App Goes Mainstream

Airbnb's Network Effect Offers Investors a Unique Stay

Bits and Bytes: A Primer on OYO Rooms & Its Significance to Airbnb.

2020 IPOs Pipeline Worldwide (Top 100 Companies)

SK Holdings Buyback Progress & IPO of SK Biopharm - The Next Big Catalyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Capital Markets

<p>Airbnb has confidentially filed for an IPO pointing to a likely raising of capital in contrast to earlier plans for a direct listing. This is probably not a surprise given the hit the company initially took when COVID occurred and the $2bn the company raised in April at an $18bn valuation and the 25% staff cuts it also announced. Despite these measures early signs point to a genuine business here and we feel this will be one of the more exciting IPOs of the year as long as pricing does not become egregious.</p>

Airbnb has confidentially filed for an IPO pointing to a likely raising of capital in contrast to earlier plans for a direct listing. This is probably not a surprise given the hit the company initially took when COVID occurred and the $2bn the company raised in April at an $18bn valuation and the 25% staff cuts it also announced. Despite these measures early signs point to a genuine business here and we feel this will be one of the more exciting IPOs of the year as long as pricing does not become egregious.

Airbnb Pre-IPO – Travelling Down an Actual Path to Profitability