Two more firms have pulled initial public offerings (IPOs) in the US, adding to the two withdrawals in the first week of the year as market conditions deter investors.

Soho China, the Chinese property developer, was planning to raise up to $200m (€190m) from selling American Depositary Shares (ADS) on the New York Stock Exchange, but pulled the deal because of poor market conditions. Goldman Sachs was managing the offering.