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野村證券

Lead underwriter on more listings than almost anyone, and you can enter its online lottery with no money deposited.

Open an account (free)

How accessible its lottery is

77/100

The one to open first

Lottery method
22 / 35
Upfront deposit
25 / 25
Number of IPOs handled
20 / 20
Losses accumulate
0 / 10
Record as lead underwriter
10 / 10

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.

The rules here

💰Upfront deposit

Not required. You fund the account after winning, before confirming the purchase.

🎯How the lottery works

At least 10% of the retail allocation is drawn fully equally, with no preferential treatment.

🆓Fees

None, either to enter the lottery or to buy.

👨‍👩‍👧Accounts for under-18s

Cannot enter the lottery.

From applying to owning

  1. Check which listings are covered

    The online service announces the companies and dates in advance.

  2. Enter the lottery

    You can apply with no money in the account, and cancel while the window is open.

  3. Check the result

    Wins and reserve places are shown online.

  4. Fund the account

    Get the money in before you confirm the purchase. Any balance in the Nomura MRF fund is applied automatically.

  5. Confirm or decline

    Choose online before the deadline. Your money is locked from the moment you confirm.

Worth knowing before you apply

  • Once you have confirmed or declined, the decision cannot be reversed.
  • If you do nothing within the purchase window, you automatically forfeit the shares. Check your result — people lose allocations simply by not noticing they won.
  • Multiple accounts in the same name are consolidated, so you cannot win more than once on a listing.

Who this suits

  • People who want the widest coverage of listings without depositing anything to apply
  • People who do not want to miss the large listings
  • People using several brokers who simply want more entries

Why this one

This is the largest securities house in Japan and it acts as lead underwriter on large listings very often — which matters, because the lead underwriter receives by far the biggest allocation. Despite that, entering its online lottery requires no money at all. You can apply for a major listing with a zero balance, and only need the cash once you have won.

At least 10% of the shares set aside for individuals goes into the lottery pool, and online applicants are drawn mechanically with no advantage for trading history or assets held.

The deadline is where people come unstuck. After winning you must actively confirm the purchase online within the window. Do nothing and the shares are forfeited automatically, so checking the result is not optional.

About the company

The largest securities firm in Japan, and unusually often the lead underwriter on major listings. It has deep relationships with institutional investors at home and abroad, and companies preparing to list tend to trust it.

Start applying for IPOs at 野村證券

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 野村證券and can change. Confirm the current terms on the broker's own site before applying. Nothing here is investment advice.

野村證券の日本語ページを見る →