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 manufacturer set an estimated market capitalization of nearly $11 billion in its upcoming initial public offering.

The country’s top pork processor reveals the size and price range of its long-rumored separation from China’s WH Group, but a date has not been chosen.

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, 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 is targeting a valuation of up to US$10.73bil in its New York flotation, the biggest US pork processor says, moving closer to its US stock market return after more than a decade.

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.Most Read from B