Nexteer Automotive Group, the world's fifth-largest supplier of steering systems, postponed an up to $325 million Hong Kong IPO, Thomson Reuters' publication IFR reported Wednesday, citing sources with direct knowledge of the plans.

Nexteer joins a growing roster of IPO hopefuls in the city that have fallen victim to global stock market volatility.

Hopewell Hong Kong Properties and auto parts maker Mando China Holdings, controlled by South Korea's Mando Corp, have also postponed their deals.

Casino owner Macau Legend Development relaunched an IPO Wednesday, slashing the deal by more than half due to weak demand after delaying the deal's pricing last week.

BOC International and JPMorgan were hired as joint bookrunners of the Nexteer IPO.