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A fully equal lottery with no advantage for trading history or account size, and your money is not tied up unless you win.
Open an account (free)35/100
Fine once you understand the conditions
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
The cash must be in the account by 18:00 on the day the offer price is set. It is not needed when you apply.
🎯How the lottery works
Fully equal. There is no preferential allocation based on trading history or assets held.
🔓When your money is locked
Only if you win. Losing applications tie up nothing.
🎫Reserve places
Yes. Promotions from the reserve list are announced on the last day of the purchase window.
Confirm you have viewed the prospectus and apply through the app or website. No money is needed at this point.
Deposit the offer price multiplied by the number of shares you applied for.
The draw runs around 18:00 the same day. Results appear on the site and by email.
If you win, or are placed in reserve, complete the purchase step within the purchase window.
If you are in reserve, check the promotion announcement at 14:00 on the final day.
The lottery here is fully equal, with no discretion applied by staff. There is no preferential pool for people with a trading record or large holdings — someone who opened an account yesterday is drawn on the same terms as a customer of ten years. Most listings cap applications at one lot of 100 shares, which in practice means one ticket each. On large listings where the cap is higher, each lot you apply for is another entry, so someone able to apply for more does get more chances.
A rule change in October 2025 removed the requirement to have money tied up at the point of application. The deadline for funding is 18:00 on the day the offer price is set, and your cash is only locked if you actually win. Reserve places and promotions from the reserve list were introduced at the same time.
Applications go through the same app and website you would use for ordinary trading. Linking a Rakuten Bank account reduces the friction of moving money in before the deadline.
The online broker of the Rakuten group, closely tied to the group's credit card and points scheme. Shares, investment trusts and the NISA tax-free scheme are all managed through a single app.
Start applying for IPOs at 楽天証券
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 楽天証券and can change. Confirm the current terms on the broker's own site before applying. Nothing here is investment advice.
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