Airbnb and DoorDash Weren’t the Last Big IPOs of 2020. Burger King India Is Next.

This year is ending with a flurry of deal making as IPO fever reaches far and wide.

Last week Airbnb and DoorDash made their market debuts. Now Burger King India has gone public.

The Indian-based Burger King franchisee sold 75 million new shares in an overseas IPO Monday. In India trading, the stock finished up 125% on day one, giving the operator of about 250 Burger Kings a market capitalization of roughly $700 million.

That gain topped DoorDash stock’s 86% first day jump and edged out Airbnb stock’s 113% day-one trading gain.

IPOs are so hot that bankers and companies are having trouble pricing deals. Roblox, which was slated to go public soon, pushed its offering to 2021 because it feared missing out on billions of dollars, according to The Wall Street Journal. Lender Affirm also postponed its IPO over the weekend, according to the Journal.

IPOs aren’t the only deals happening. Special purpose acquisition companies, or SPACs, have raised tens of billions in 2020, used to seek out and buy privately held companies.

And traditional merger and acquisition activity is doing just fine. Saturday, AstraZeneca agreed to buy Alexion Pharmaceuticals for $39 billion. That deal comes months after AbbVie bought Botox maker Allergen for $63 billion.

Deal making amid a global pandemic might seem strange, but low-interest rates and global government stimulus, combined with investors’ desire for companies with strong sales growth, turned out to be a perfect deal-making recipe.

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