(Rewrites paragraph 1 with valuation target and adds details throughout)
Jan 21 (Reuters) - Smithfield Foods is targeting a valuation of up to $10.73 billion in its U.S. initial public offering, the Farmland bacon maker said on Tuesday.
Hong Kong-based WH Group , the world's largest pork producer, is spinning off Smithfield and listing its shares in the United States.
Smithfield and WH Group are offering 17.4 million shares each priced between $23 and $27 each to raise up to $939.6 million.
Morgan Stanley, BofA Securities and Goldman Sachs are the lead underwriters.
Smithfield will list on the Nasdaq under the symbol "SFD."
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar)
((ArasuKannagi.Basil@thomsonreuters.com))
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