Editorial: Are we looking too early?

Author: | Published: 24 Mar 2014

Europe's equity markets are humming. Despite uncertainty over Russia's Ukrainian exploits, volatility is down and listing windows are open for longer.

But all this activity is putting a strain on a trend that began during lean times: the early look, a process of parading a potential listing company to major investors, months before even the traditional round of pilot fishing.

The reasons for the development are clear. When volatility was the norm and initial public offerings (IPOs) were rare, companies needed early assurances...