Belgium-based cement producer, Titan America, is aiming for a valuation of up to $3.32 billion in its initial public offering (IPO) in New York.

(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.