First Intel Capital Company Goes Public In China

Intel invested in the company - called Enjoyor Technology Group - just a little over eight months ago and did not expect it to go public so soon, if at all, said Arvind Sodhani, Intel Capital's president. But Enjoyor went out today on the new Chinese Growth Enterprise Market at 20 Renminbi per share and closed at 36.40, An increase of 81%. Intel had invested 20 million Renminbi at 4 Renminbi per share and made a paper profit of 162 million Renminbi or $23.7 Million - over an 8X return.