Private equity firm TPG and its partners said on Friday they have decided to postpone the float of Alinta Energy, which would have been Australia’s biggest this year, to the first quarter of 2017, due to market jitters in the wake of the U.S. election.

The owners had planned to launch the prospectus for Alinta, valued at around A$3 billion ($2.3 billion) including debt, last Monday and then opted to wait a week to see what happened following the U.S. presidential vote on Tuesday.

With global market volatility having spiked in the wake of Republican Donald Trump’s shock win, the owners, led by TPG, shelved it to the new year.

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