Initial and secondary public offerings worth less than 10 mln leva (roughly around 5.112 mln euros) are of no interest to us, said Nadya Nedelcheva, portfolio manager in Advance IPO – the newest collective scheme by Karoll.

The offerings will be assessed on the basis of the company's perspectives, price and management, Mrs Nedelcheva said in response to a question by Profit.bg.

The first fund of that kind in Bulgaria will have three stages of possible exiting from investments. The first is a week after the subscription, when the euphoria around the company is in its peak.

The second and third are, respectively, 6 months and 1 year after the subscription.

According to Stanimir Karolev, there will be enough initial and secondary public offerings in the region in the next several years. “Our region is a good area for investments, businesses here bear sufficient return.”

The preparation of the new scheme took 9 months, Mr. Karolev also said.

Advance IPO will participate in 15 – 20 IPOs in the first six months of its existence. The fund will also take part in secondary offerings and privatization deals.