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South Korean AI IPO Elice plunged 33% on its first day, leaving retail investors who subscribed at 400 times their available shares badly burned and dealing another blow to Korean stocks. Meanwhile, Google updated its rules for crypto ads in the UAE, requiring advertisers to be licensed. The bursting of the traditional IPO frenzy contrasts sharply with the crypto market’s move toward compliance. Investors should beware of hype and stay rational.
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