If you've kept so much as half an eye on new flotations, you'll know that after IPO mania gripped the nation at the end of 2013, recent listings haven't gone brilliantly. Some of the most high profile - Saga, Pets at Home, Just Eat, to name but a few - have also been the most disappointing.
But that hasn't stopped them from becoming some of the UK's largest listed companies. After the latest of its quarterly reshuffles the London Stock Exchange has announced that Poundland, Just Eat, Pets at Home and AO World (whose stock is, admittedly, doing better than its peers', in that it's risen in value since it listed), will all enter the FTSE 250.
As a reminder, here's how all their shares have fared (blue is Pets at Home, red is Just Eat, green is AO World and sludgy brown is Poundland):
Source: Yahoo Finance
By contrast, William Hill dropped out of the FTSE 100, while 888 Holdings was banished from the FTSE 250. Looks like gambling has rather fallen out of favour....