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For retail investors, jumping on Arm’s blockbuster IPO is a risky business

11Sep

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Business

For retail investors, jumping on Arm’s blockbuster IPO is a risky business

Sept 11 (Reuters) - Retail traders getting their first bite at Arm Holdings' highly anticipated public offering when the British chip designer begins trading this week should beware: individual investors often get burned when they jump on hot listings.Arm's goal of raising around $5 billion in New York in what might be the biggest IPO of 2023 follows other major listings in recent years whose returns have mostly disappointed.Since Arm, owned by Japan's SoftBank Group's (9984.T), is not well-known among consumers, it is focusing its IPO marketing efforts on institutional investors, people familiar with the deal said.That leaves most Main Street investors to buy Arm shares at potentially higher prices once they begin trading. With retail investors holding individual stocks for less than a...

China’s video game player population rises to a record at end-June

HONG KONG, July 27 (Reuters) - China's video game player population has grown to a record of 668 million, a government-run game industry association said on Thursday, as the world's biggest gaming market returns to growth after a bruising crackdown.The number of gamers, which is accurate as of end-June, represents about half of the population.Industry association CGIGC, which announced the data at an industry conference in Shanghai, also said sales revenue of the domestic gaming market reached 144.263 billion yuan ($20.23 billion) for the first half of this year."Against the backdrop of a sluggish global gaming market, China's gaming industry is gradually emerging from a trough and showing an upward trend," Zhang Yijun, a director at the CGIGC, told the conference."Facing the challenges...

As AI booms, EU lawmakers wrangle over new rules

STOCKHOLM/LONDON, March 22 (Reuters) - Rapid technological advances such as the ChatGPT generative artificial intelligence (AI) app are complicating efforts by European Union lawmakers to agree on landmark AI laws, sources with direct knowledge of the matter have told Reuters.The European Commission proposed the draft rules nearly two years ago in a bid to protect citizens from the dangers of the emerging technology, which has experienced a boom in investment and consumer popularity in recent months.The draft needs to be thrashed out between EU countries and EU lawmakers, called a trilogue, before the rules can become law.Several lawmakers had expected to reach a consensus on the 108-page bill last month in a meeting in Strasbourg, France and proceed to a trilogue in the next few months...