How to make 8x your money: Chinese IPOs
Enjoyor Technology Group, a new company that debuted on the Chinese Growth Enterprise Market, closed its first day up 81%. Intel, which had invested 20 million Renminbi or about $23.7 million, is looking at a paper profit of $162 million, roughly eight times what they put into the company.
Intel Capital president Arvind Sodhani told peHUB writer Deborah Gage that he expects more such companies in Intel’s Chinese p0rtf0lio. Going public in America, he said, is simply too expensive.
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About the Author, Paul Boutin
Paul (paul@venturebeat.com) covers Apple & the iPhone, social networks & social media, digital music & video, and any crazy Internet story. Paul wrote and edited for Valleywag from 2006-2008, after several years with Wired magazine and Slate. He writes regularly for The New York Times' technology section and sometimes for Wired and The Wall Street Journal. He studied computer science at MIT in the early 1980s, and worked as a software developer and network administrator for 15 years before becoming a professional writer. Follow him on Twitter at @paulboutin, and follow VentureBeat on Twitter at @venturebeat.
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