A SPAC gives more certainty but less money. An IPO gives more money but less certainty. Most of the criticism of IPOs has been over their cost, and a SPAC is s

A SPAC gives more certainty but less money. An IPO gives more money but less certainty. Most of the criticism of IPOs has been over their cost, and a SPAC is strictly worse. So...no. SPACs have been (and will continue to be) relatively popular in times of high volatility where their lower risk is worth their higher price, but in general, nobody is clamoring for an IPO replacement that gives even more money to financial intermediaries.