Stock Rout Threatens $10 Billion of Asian IPOs as Suntory Nears

Stock Rout Threatens $10 Billion of Asian IPOs as Suntory Nears

Jerome Favre/Bloomberg

The Hopewell Centre, right, stands surrounded by residential and commercial buildings in Hong Kong. The company, a unit of Gordon Wu’s Hopewell Holdings, cited “significant deterioration in market sentiment” and “volatile market conditions” as reasons for pulling the deal.