I see it more as a balance of market pressures thing. An IPO is a private company saying it would like public money, a SPAC is public money saying it would like a private company. And naturally there is less scrutiny on the SPAC because it’s in the driving seat on the acquisition and can cary out due diligence, where as the IPO you have to vet that the company is ok to go out to a market of a wide range of individuals who cannot do a due diligence individually.