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Facebook's IPO Is Near

|Includes: Facebook (FB)
Facebook's (FB) IPO is near and the social networking has just added five more lead investment banks to its IPO from the original six. Also, Facebook added another 20 investment banks that will get a piece of the action. Here is the list of Wall Street banks getting a share.

1 Morgan Stanley & Co. LLC
2 J.P. Morgan Securities LLC
3 Goldman, Sachs & Co.
4 Merrill Lynch
5 Barclays Capital Inc.
6 Allen & Company LLC
7 Citigroup Global Markets Inc.
8 Credit Suisse Securities (USA) LLC
9 Deutsche Bank Securities Inc.
10 RBC Capital Markets, LLC
11 Wells Fargo Securities, LLC
12 Blaylock Robert Van LLC
13 BMO Capital Markets Corp.
14 C.L. King & Associates, Inc.
15 Cabrera Capital Markets, LLC
16 CastleOak Securities, L.P.
17 Cowen and Company, LLC.
18 Lazard Capital Markets LLC
19 Lebenthal & Co., LLC
20 Loop Capital Markets LLC
21 M.R. Beal & Company
22 Macquarie Capital Inc.
23 Muriel Siebert & Co., Inc.
24 Oppenheimer & Co. Inc.
25 Pacific Crest Securities LLC
26 Piper Jaffray & Co.
27 Raymond James & Associates, Inc.
28 Samuel A. Ramirez & Company, Inc.
29 Stifel, Nicolaus & Company, Incorporated
30 The Williams Capital Group, L.P.
31 William Blair & Company, L.L.C.

As the largest Internet IPO to date, Facebook's plan to raise $5 billion lured investors to pour money into similar web companies. When a major IPO like this gets going, all stocks in the same sector get a boost as they are valued relative to the IPO. Such gains may be temporary, especially for companies like Groupon that have less of a direct relationship to Facebook. When Facebook's IPO progresses, investors will likely need to sell some of their existing holdings of social networking stocks to raise the cash required to buy Facebook stock

You may think the Facebook IPO is all about making investors and staff like CEO Mark Zuckerberg filthy rich. After all, as Mark Johnson wrote on his ebook, Facebook is a dominant force already with Twitter, LinkedIn (LNKD) and Google's (NASDAQ:GOOG) Google+ obvious laggards in reach and revenue from social media operations. But in theory, IPOs are all about raising capital to do business. Anyway, Facebook will not be the biggest IPO in history.

Here's the list of the biggest offerings:

General Motors (GM) $23.1 billion
Agricultural Bank of China $22.1 billion
Industrial and Commercial Bank of China $21 billion
American International Assurance $20.5 billion
Visa (V) $19.7 billion
NTT DoCoMo (DCM) $18.1 billion
Enel $16.6 billion
Nippon Telegraph and Telephone $13.7 billion
Deutsche Telekom $12.5 billion
10° Bank of China $11.2 billion

Everyone wants to know how to buy the Facebook's IPO, but the real question is: when the best time to buy is?

Of the eight IPOs expected last week, two were pulled, three priced below expectations and two others fell below their first price when trading began. All this during a week in which the S&P 500, Dow and Nasdaq all rose and officially entered a bull market.

Longer-term investors will have plenty of opportunity to see how the stock is trading and how the fundamentals are shaping up to make a reasonable decision, to hold the stock or take profits. But, as individual investors, we must make sure that Wall Street's gain is not always our loss. None of the traditional fundamental analysis is going to make a difference. In relation to this topic, I recommend an ebook I have recently read called Facebook Stock Secrets . This book summarizes all this information about Facebook and explains when is the right time to buy this share.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.