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 û 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$1.40. The shares begin trading Friday on Hong Kong's Growth Enterprise Market. The company was formed in January this year to combine the technology interests of Henderson Land with those of the Hong Kong China...
