I intend to invest in ENHD (if it begins cheap, LOL)
I agree about $7.5 at the beginning, but could at start be bought at $5 to $6. Sometimes IPO's make strange startings, and also will depend if the 1st day is a Bullish or Bearish day for chinese stocks in general.
Target would be $10 to $15 mid/term, and $20 to $25 by year's end or 2009. And that is a too big profit to not consider playing it, LOL !