Budweiser Brewing Company APAC (Budweiser APAC) does not plan to depend on mergers and acquisitions (M&A) to expand its business in Hong Kong.

The company plans to team up with regional brewers to expand to more interesting markets.

The Asia-Pacific unit of Anheuser-Busch InBev (AB InBev) has a portfolio of over 50 beer brands, including Stella Artois and Corona.

The firm commenced negotiating with investors for the IPO offering this week.

To be priced between HK$40 ($5.13) and HK$47 ($6.02) a share, the IPO offering will enable Budweiser APAC to raise between $8.3bn and $9.8bn. This funding will also enable AB InBev to cut down its debt load.

The shares are expected to go on offer on 11 July.

This is expected to be the largest initial public offering (IPO) in the world this year.

Budweiser APAC CEO Jan Craps said: “We don’t depend on M&A to make it a successful company. We don’t need to do M&A to have a very healthy growth.”

The company plans to tap opportunities in the Asia-Pacific region, where sales are increasing and wealthy consumers are turning to premium brands.

Large institutions, sovereign wealth funds and Chinese insurance firms are said to be keen on this IPO.

Budweiser APAC has a presence in Australia, China,  India, South Korea and Vietnam.