Singapore (Bloomberg): The volatility in global equity markets derailed more companies’ plans for initial public offerings as stocks in Asia and Europe dropped on Monday and US equity futures pointed to further declines.

OCC Cables Ltd. on Friday said it will no longer proceed with an IPO in Hong Kong due to adverse market conditions.

Vehicle fleet operator LeasePlan Corp. fell victim on Thursday, citing market conditions for its decision to abandon an IPO that could have valued it at as much as 7.4 billion euros ($8.1 billion).

Sonae SGPS SA on Thursday said it wouldn’t proceed with the 412 million-euro IPO of its Sonae MC unit, owner of Portugal’s biggest supermarket chain, “due to current adverse conditions in international markets.”

Tencent Music Entertainment Group, the online-music arm of China’s largest social-media company, is also pausing its plans for an IPO in the US, a person with knowledge of the matter said last week.

On the Other Hand:

Porsche AG’s chief financial officer said a share sale of Volkswagen AG’s most profitable unit could see the sports-car maker valued at as much as 70 billion euros.

Kazakhstan’s National Atomic Company Kazatomprom, the world’s largest producer of natural uranium, is considering a London IPO and said it plans to publish its registration document on Monday.

SoftBank Group Corp. has picked banks, including Nomura Holdings Inc., Goldman Sachs Group Inc. and Deutsche Bank AG, as lead underwriters for a 3 trillion yen ($27 billion) IPO of its Japanese wireless business, people with knowledge of the matter said on Friday.

Business-planning software company Anaplan Inc., which raised $263.5 million in an IPO, soared about 43 per cent in its US trading debut on Friday, giving the San Francisco-based company a market value of almost $3 billion.

Knorr-Bremse AG, the world’s biggest maker of truck and train braking systems, climbed in its first day of trading to end Friday with a market value of 13.1 billion euros ($15 billion); the German company this month listed its stock in Europe’s second-largest IPO of the year.