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 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