Institutional
Equity

Rice Financial’s Equity Sales and Trading Desk develops tailored solutions for institutional investors navigating today’s increasingly complex markets. Our traders provide execution services in global equities and U.S. options on an agency-only basis, offering extensive experience with single stock, program trading, corporate share repurchase, single-leg and complex options. The Rice equity desk is a live agency trading desk, covering the majority of developed, emerging and frontier markets.

Rice’s veteran equity professionals have a proven track record estimating market condition impact and assessing liquidity. We track events in the news around the clock, buying and selling securities in real time for clients. The firm’s full-service, in-house trading capabilities allow us to assist clients with agency-only, non-conflicted, and anonymous trade execution services, as well as corporate buyback programs. Rice has access to more than 100 different liquidity sources from over 20 vendors and executes on behalf of numerous prominent global institutions. Rice Financial’s equity operations team has decades of experience in global post-trade allocation, average price deliveries through DVP, and corresponding clearing between broker-dealers to lower cost. We add value in significant ways, including offering the best available algorithms through our longstanding institutional relationships. Rice’s traders provide clients with superior execution services while utilizing our extensive and expanding local broker network. Rice Financial facilitates a wide range of derivative transactions for institutions, hedge funds and asset managers. Our desk has a unique vantage point in the Delta One landscape, enabling us to uncover liquidity for both listed and OTC products. Rice also offers electronic direct-access solutions for clients who prefer self-directed order flow to our many liquidity sources and for algorithmic models through a proprietary API in native and fixed protocol. We accommodate FIX connectivity and support OMGEO Suite for our clients, and all transactions are cleared through RBC Capital Markets.

Transaction Highlights

Pono Capital Two, Inc.

$100,000,000

Trading Symbol: PTWOU
Initial Public Offering
August 5, 2022

Total Offering:
$100,000,000
10,000,000 Units

IPO Participant

Portillo’s Inc.

$190,000,000

Trading Symbol: PTLO
Initial Public Offering
August 12, 2022

Total Offering:
$190,000,000
8,000,000 Shares

IPO Participant

Sovos Brands, Inc.

$119,000,000

Trading Symbol: SOVO
Initial Public Offering
August 11, 2022

Total Offering:
$119,000,000
8,500,000 Shares

IPO Participant

Evertec, Inc.

$200,393,376

Trading Symbol: EVTC
Initial Public Offering
August 11, 2022

Total Offering:
$200,393,376
6,262,293 Shares

IPO Participant

Netstreit Corporation

$181,800,000

Trading Symbol: NTST
Initial Public Offering
August 4, 2022

Total Offering:
$181,800,000
9,000,000 Shares

IPO Participant

Verve Therapeutics Inc.

$225,000,018

Trading Symbol: VERV
Initial Public Offering
July 21, 2022

Total Offering:
$225,000,018
8,333,334 Shares

IPO Participant

Pliant Therapeutics Inc.

$200,000,004

Trading Symbol: PLRX
Initial Public Offering
July 13, 2022

Total Offering:
$200,000,004
10,810,811 Shares

IPO Participant

Day One Biopharmaceuticals, Inc.

$150,000,000

Trading Symbol: DAWN
Initial Public Offering
June 15, 2022

Total Offering:
150,000,000
10,000,000 Shares

IPO Participant

American Tower Corporation

$2,137,600,000

Trading Symbol: AMT
Initial Public Offering
June 3, 2022

Total Offering:
$2,137,600,000
8,350,000 Shares

IPO Participant

ProFrac Holding Corporation

$288,000,000

Trading Symbol: PFHC
Initial Public Offering
May 13, 2022

Total Offering:
$288,000,000
16,000,000 Shares

IPO Participant

Freshpet, Inc.

$350,000,000

Trading Symbol: FRPT
Initial Public Offering
May 4, 2022

Total Offering:
$350,000,000
4,320,000 Shares

IPO Participant

HilleVax, Inc.

$200,005,000

Trading Symbol: HLVX
Initial Public Offering
April 29, 2022

Total Offering:
$200,005,000
11,765,000 Shares

IPO Participant

Sound Point Acquisition

$225,000,000

Trading Symbol: SPCMU
Initial Public Offering
March 2, 2022

Total Offering:
$225,000,000
22,500,000 Shares

IPO Participant

Evergreen Corporation

$100,000,000

Trading Symbol: EVGRU
Initial Public Offering
February 9, 2022

Total Offering:
$100,000,000
10,000,000 Shares

IPO Participant

PIMCO Access Income Fund

$1,000,000,000

Trading Symbol: PAXS
Initial Public Offering
January 27, 2022

Total Offering:
$1,000,000,000
50,000,000 Shares

IPO Participant

bleuacacia ltd

$240,000,000

Trading Symbol: BLEUU
Initial Public Offering
November 18, 2021

Total Offering:
$240,000,000
24,000,000 Shares

Co-Manager

TaskUs Inc.

$766,919,980

Trading Symbol: TASK
Initial Public Offering
October 21, 2021

Total Offering:
$766,919,980
12,077,480

IPO Participant

Avantor Inc.

$875,000,000

Trading Symbol: AVTR
Initial Public Offering
September 14, 2021

Total Offering:
$875,000,000
20,833,333 Shares

IPO Participant

Certara Inc.

$620,000,000

Trading Symbol: CERT
Initial Public Offering
September 9, 2021

Total Offering:
$620,000,000
20,000,000 Shares

IPO Participant

Dole Plc

$400,000,000

Trading Symbol: DOLE
Initial Public Offering
July 30, 2021

Total Offering:
$400,000,000
25,000,000 Shares

IPO Participant

Paycor HCM Inc.

$426,000,000

Trading Symbol: PYCR
Initial Public Offering
July 21, 2021

Total Offering:
$426,000,000
18,500,000 Shares

IPO Participant

HCW Biologics, Inc.

$65,000,000

NASDAQ: HCWB
Initial Public Offering
July 20, 2021

Total Offering:
$65,000,000
8,125,000 Shares

IPO Participant

Black Spade Acquisition Company

$150,000,000

NYSE: BSAQ.UT
Initial Public Offering
July 20, 2021

Total Offering:
$150,000,000
15,000,000 Units

IPO Participant

Tuya, Inc.

$915,390,000,000

NYSE: TUYA
Initial Public Offering
March 18, 2021

Total Offering:
$915,390,000,000
43,590,000 ADSs

IPO Participant

Contact

Michael Liciardello
Head of Equity Sales and Trading

(212) 908-9281
michael.liciardello@ricefin.com

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