Jan 28 (Reuters) - Titan America is seeking a valuation

of up to $3.32 billion in its New York initial public offering,

the Belgium-based cement producer said on Tuesday.

The IPO comes as European companies increasingly look to

list their U.S. units in New York in search of deeper capital

markets, higher valuations, and a wider investor base.

Titan Cement International last year announced its

intention to carve-out its U.S. business and list the unit in

New York in early 2025 to raise funds for growth.

The unit is offering 9 million shares, while parent Titan

Cement is selling 15 million shares priced between $15 and $18

each to raise up to $432 million.

Citigroup and Goldman Sachs are the lead underwriters for

the offering.

Titan America will list on the New York Stock Exchange under

the symbol "TTAM."

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by

Shinjini Ganguli)