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$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...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222