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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