Private equity pioneer Alan Patricof called the botched WeWork initial public offering the "bottom" in the IPO market — and said that a lot more companies will go public.
Speaking at the Greenwich Economic Forum last week, the CEO of venture capital firm Greycroft Partners called the WeWork IPO debacle the trough of a market that’s punished high-flying unicorns recently.
However, the WeWork saga will likely have a "real impact" on any company in the process of floating an offering, Patricof added. Specifically, it will make those companies re-examine their corporate structure, directorship setup, and how they report earnings, he explained.