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tdp2664 InvestorPlace It sounds as if Facebook will launch its IPO in late May. But as we’ve seen with other hot offerings — including Groupon (NASDAQ: GRPN ) and Zynga (NASDAQ: ZNGA ) — the timing is more of an art than a science. Regardless, it's a good bet we'll see a deal sometime in 2012. Yet, interestingly enough, the Facebook IPO may result in some negative consequences for the tech sector. David Garrity, a principal at GVA Research, certainly thinks so. If Facebook’s IPO raises more than $10 billion, that could result in less money to go around. That is, investors might bail on the group of social companies that have gone public over the past year. All in all, I think this makes a lot of sense. It seems that the huge valuations of LinkedIn (NYSE: LNKD ) and Zynga are the result of investors treating these companies as proxies for Facebook– it's an imperfect way to get exposure to social media. And if Facebook ends up having a valuation of $100 billion, it will be in the league of elite tech companies such as Google (NASDAQ: GOOG ), Microsoft (NASDAQ: MSFT ) and Oracle (NASDAQ: ORCL ). Hey, if given a choice, investors are most likely to focus on the leaders, right?
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