Intellij community 2020.1.2 fails to launch

I updated to Intellij Community Edition 2020.1.2 and after installtion, it is not starting. I ran the idea.bat file from command prompt and get this error:

C:\Program Files\JetBrains\IntelliJ IDEA Community Edition 2020.1.2\bin>idea.bat
OpenJDK 64-Bit Server VM warning: Option UseConcMarkSweepGC was deprecated in version 9.0 and will likely be removed in a future release.
IDE has not been initialized yet

My java home is set to Jdk 10

Can someone please help??

Thanks!