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A fully equal lottery with no deposit required. One ticket each, and money makes no difference.
Open an account (free)60/100
Straightforward to use
This score is this site's own. It measures how accessible the lottery is without a large balance — not the chance that you will win. The same calculation is used on the Japanese pages.
💰Upfront deposit
Not required. You pay when you confirm the purchase after winning.
🎯How the lottery works
Fully equal. One ticket per person.
⚖️Discretionary allocation
None. Trading history gives you no advantage.
📊Number of shares applied for
Does not change your odds.
⏰Time of day you apply
Does not change your odds.
Apply through the app or website during the window. No deposit needed.
See whether you won or lost.
If you won, deposit the money and complete the purchase.
You can trade the shares, including selling at the first traded price.
The lottery is fully equal and run by system, so there is no discretionary allocation based on trading history or assets held. Neither the number of shares you apply for nor the time of day you apply changes anything. Someone with a small balance competes on exactly the same single ticket as a large investor.
No deposit is needed to enter. The money is only required once you have won and are confirming the purchase, which means your capital is not tied up during the draw. If you are applying at several brokers in the same week, that frees you to put the cash where it is actually needed. Brokers requiring nothing upfront are a minority, so this matters more than it first appears.
It sometimes handles listings as a delegated underwriter — a broker added to the syndicate later, whose involvement is often not announced when the listing is first approved. Fewer people notice these, so competition can be lower.
An online-only broker in the DMM.com group, also known for US share trading. The wider group runs a broad range of businesses including video streaming.
One per cent of commission on Japanese share trades comes back as points, redeemable at one yen each, which effectively reduces your costs.
Margin trading fees are set low, so it suits people who trade frequently.
Japanese shares including margin trading, plus US shares. Convenient if opening an account for an IPO leads you to try US stocks as well.
The smartphone app has a reputation for being simple to operate, with a beginner mode and a full-featured mode you can switch between. Instant funding is available free of charge from a wide range of online banks.
Start applying for IPOs at DMM.com証券
Opening an account is free. You need to be resident in Japan — what that requires is on the account opening page.
Open an account (free)Conditions are those published by DMM.com証券and can change. Confirm the current terms on the broker's own site before applying. Nothing here is investment advice.
DMM.com証券の日本語ページを見る →