Looking at the original analysis, it looks like 108 IPOs, where did you get 30? ...

adventured · on May 16, 2018

In that PDF it breaks out the number of tech and biotech IPOs.

66% of the "other" category (ie everything else) reported being profitable. Something the article goes out of its way to not mention.

The 30 tech IPOs and the 32 biotech IPOs dramatically tilt the number of unprofitable listings as a percentage.

If you only have 108 IPOs and 32 are biotechs, which are almost always unprofitable, you start with an extreme tilt.

skinnymuch · on May 16, 2018

Page 15 shows it’s 30 tech IPOs last year. With 17% being profitable. So 5 or so are actually profitable.