The RAC is shelving plans for a multibillion-pound listing of the company in London, choosing instead a private deal involving a continuation vehicle. Under the proposed arrangement, two of the RAC’s three shareholders would sell their stakes to new holders, while the company’s plans for a public float are put aside.
The move reflects a change in financing and ownership strategy compared with an earlier approach focused on raising capital through the stock market. While the sources agree on the shift away from a London share listing, they describe it primarily in terms of the transaction structure—how current owners reduce their exposure through a private process rather than through an initial public offering.
