World's largest brewer, Anheuser-Busch InBev NV, kicked off the year’s biggest initial public offering, a sale of shares in its Asia Pacific beer unit that could raise as much as $9.8 billion and top Uber Technologies Inc.’s May listing.

The Hong Kong IPO consists of 1.63 billion shares of Budweiser Brewing Company APAC Ltd. offered at HK$40 to HK$47 ($5.1-$6) each, according to terms of the deal obtained by Bloomberg Tuesday. Trading is expected to start July 19.

The price range represents a market value of as much as $64 billion for Budweiser Brewing, on a par with that of Heineken NV, the world’s second-largest brewer. The listing will enable acquisitions by creating a “local champion” and will help AB InBev reduce its debt, Chief Financial Officer Felipe Dutra said.

The company is counting on the region’s growth potential to draw interest in the shares as the beer business faces stagnating prospects elsewhere. AB InBev has already cornered the premium market in China and has been buying up local craft brands to reach fashionable millennials with a taste for more expensive brews.

AB InBev shares rose 1.7% Tuesday morning in Brussels. They have gained 38% this year.

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