Feb 6 (Reuters) - Titan America has raised $384

million after pricing its U.S. initial public offering at $16

per share, within its targeted range, the cement producer said

on Thursday.

Sentiment in the IPO market has improved on expectations of

lower corporate taxes and a more business-friendly regulatory

environment under the Donald Trump administration.

However, the underwhelming market debuts of Venture Global ( VG )

and Smithfield Foods ( SFD ) highlight that investors

remain cautious.

Titan America sold 9 million shares, together with 15

million shares its parent Titan Cement International

offered at $16 apiece. The company had marketed to list its

shares in a range of $15 to $18 apiece.

The IPO valued the cement producer at $2.95 billion, ahead

of its New York Stock Exchange debut.

Titan America's common shares are expected to begin trading

on the New York Stock Exchange under the ticker symbol "TTAM" on

February 7.

(Reporting by Prakhar Srivastava, Jaiveer Shekhawat and Shivani

Tanna in Bengaluru; Editing by Rashmi Aich and Subhranshu Sahu)