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 ( WHGRF ), the world's largest pork

producer, is spinning off Smithfield and listing its shares in

the United States.

Smithfield and WH Group ( WHGRF ) 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."