We still cannot say if Initial Coin Offerings (ICO's) are dead because as long are there are new Alternate Cryptocurrencies being developed, it must still undergo ICO's. Its a critical stage of their promotion and a stage where they may know whether the platform they are creating will be used in the long run. They just need a good promotion for their ICO's to make people believe that they will not get scammed.
In fact there are still many ICOs that are successful, it may be more difficult because it competes with the IEO but I am sure that ICO that is designed well and attractively will be easily accepted by investors and markets.