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A late-type draw, so you can decide whether to take part after seeing how you did elsewhere.
Open an account (free)22/100
For when you have more capital
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
Needed at the purchase step, not during book building.
🎯How the lottery works
Late type. The draw covers those who completed the purchase step after the offer price was set.
🆓Fees
No purchase commission.
💻How to apply
Only through the desktop web trading screen. No app, no telephone.
Apply at market or at a specified price within the window. No money is needed yet.
After the offer price is set, apply within the purchase window. You now need buying power of the offer price multiplied by your shares.
It runs on the last day of the purchase window, with results on the trading screen from 13:00.
Winning completes the purchase. Losing releases the funds that were held.
The draw here covers people who completed the purchase step after the offer price was set — a late-type schedule. Because it runs after most other brokers have drawn, you can adjust: skip it because you already won elsewhere, or concentrate on it because you lost everywhere else. That flexibility is the reason to hold an account here.
Money only matters from the purchase step onwards. Book building alone costs nothing, so you can put an application in with a zero balance and decide later.
There is no commission on the purchase if you win. You pay the offer price multiplied by the number of shares and nothing else.
A securities house founded in 1917, headquartered in Osaka, rooted in the Kansai region but operating nationwide. It acts as an underwriter on listings from time to time, which makes it a reasonable addition to the main online brokers. Applications go through its online service.
Start applying for IPOs at 岩井コスモ証券
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 岩井コスモ証券and can change. Confirm the current terms on the broker's own site before applying. Nothing here is investment advice.
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