Smithfield Foods is targeting a valuation of up to $10.73 billion in its New York flotation, the biggest U.S. pork processor said on Tuesday, moving closer to its U.S. stock market return after more than a decade.

Smithfield Foods on Tuesday unveiled terms for its planned initial public offering, with the largest U.S. pork producer expecting shares to price between $23 and $27 each.

Smithfield, owned by China’s WH Group, said it plans to sell 34.8 million shares valued between $23 and $27 per share. That could raise up to $939.6 million for the pork producer, which owns brands including Farmland bacon and Nathan’s Famous hot dogs.

Smithfield Foods ( SFD) began its roadshow on Tuesday for an underwritten initial public offering of 34,800,000 shares of its common stock. The initial public offering price is expected to be between $23.00 and $27.00 per share. The range values the Virginia-based company at $10.7 billion at the high point.

Smithfield Foods (SFD.US), which was spun off by WH GROUP (00288.HK), said on Tuesday that it is targeting a valuation of up to US$10.73 billion for its US IPO.Smithfield and WH GR... Smithfield Foods (SFD.

Smithfield Foods, producer of the iconic Smithfield Ham and the largest pork producer in the world, will go public in an initial public stock offering.

CORRECTION: An initial version of this story misspelled Smithfield Foods Inc. in the headline. Smithfield Foods Inc. is offering Wall Street a seat at the table for potential growth in its packaged meats business as the bacon and lunch-meat maker set an estimated market capitalization of nearly $11 billion in its upcoming initial public offering.

Smithfield Foods Inc.’s initial public offering is seeking to raise as much as about $940 million, in what would be the biggest food company listing in the US in more than three years.