WH Initial IPO

WH Initial IPO

Philippe Lopez/AFP/Getty Images

WH Group Chairman Wan Long, from left, Smithfield Foods President Larry Pope and Smithfield Foods Chief Financial Officer Kenneth Sullivan attend a news conference for their initial IPO in Hong Kong on April 14, 2014. The initial WH Group IPO flop shows the regulator should push ahead with the reform it proposed, according to the Asian Corporate Governance Association.