Henderson Cyber asks public to finance big plans

Investors forked out $120 million to finance Henderson Cyber''s ambitions to become a big technology player in Hong Kong. It''s an issue that relied on the Lee family name, analysts say.

Henderson Cyber, an internet and technology company spun off by Hong Kong property developer Henderson Land, raised HK$937.5 million $120 million in its initial share offering, the low end of its target, as uncertainty over the company's growth prospects weighed against investors'¬†enthusiasm for Henderson Land chairman Lee Shau-kee √Ľ one of Hong Kong's richest men.

Henderson Cyber priced the 750 million shares on offer at HK$1.25, having set a range of HK$1.20 to HK...

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