Beginners IPO🔰 New to IPOs? Start here
← Back to the IPO list

HUMAN MADE

TSE Growth ・ Ticker 456A Listed

Result on listing day

+9.9%

Offer price

3,130 yen

First traded price

3,440 yen

Selling 100 shares at the first traded price would have produced a gain of 31,000 yen, before fees and tax. 100 shares is the minimum trading unit in Japan.

Application period (book building)
2025-11-11 — 2025-11-14
Lottery result
2025-11-17
Listing date
2025-11-27
Cash needed to apply for one lot (100 shares)
about 313,000 yen
Offering size (at the offer price)
20 billion yen ・ 6,522,100 shares
Market capitalisation at listing
72 billion yen
Lock-up
Not translated — this is the wording from the Japanese offering documents, kept verbatim so it matches what your broker shows: 既存株主のほぼ全てに180日間(一部は360日間)

Closing prices after listing

Compared with the first traded price of 3,440 yen.

2025-11-273,545 yen+3.1%
2025-11-283,910 yen+13.7%
2025-12-014,460 yen+29.7%
2025-12-024,215 yen+22.5%
2025-12-034,800 yen+39.5%

Brokers you can apply through

You can only enter this lottery through a broker underwriting it. The joint lead underwriters are Nomura Securities, Mizuho Securities, which receive the largest allocations.

Broker pages are in Japanese. A comparison in English is on the brokers page.

About the company

A description of this company is not yet available in English. The Japanese page has one.

Read about this company in Japanese →

Figures are taken from the offering documents and public sources, and are checked against two independent sources before publication. Nothing here is investment advice. Shares can and do open below their offer price.