TPG Capital Management LP has slashed the amount it plans to raise in a listing of Australia’s biggest chicken producer, the second domestic offering in as many months to be re-priced as investor enthusiasm for IPOs wanes.

In documents revised less than a month after the prospectus was issued, the U.S. private equity giant said an initial public offering for Inghams Group Ltd now aimed to raise A$596.4 million ($455 million), much less than the original target of up to A$1.1 billion.

An adviser to TPG, who declined to be identified, said the downsizing was motivated by the desire to ensure a strong first day of trading. A successful debut is seen as key as TPG will also be courting investors this year with an IPO for Australian gas and electricity supplier Alinta Energy worth up to A$3 billion.

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