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Market Sell-Off Rattles IPO Hopefuls With LeasePlan, Sonae Dropping Plans

The stock market rout claimed its first IPO victims Thursday after LeasePlan Corp NV and Sonae SGPS SA shelved planned listings.

As the S&P 500 reached a three-month low and Europe’s main equity index fell to the lowest since December 2016, companies aiming to sell shares on each side of the Atlantic started taking a step back from the capital markets, canceling or postponing planned initial public offerings.