Here's a peek at what Facebook initial public offer (IPO) mania is doing to Silicon Valley: JP Morgan is planning to open 650 new locations this year to provide financial planning services targeting people with $0.25-5 million. Most of these will come up around Silicon Valley in California. Realty prices are also booming, with more and more people ready to seal property deals by paying in full cash. Even car dealers are gearing up to sell not just top-of-the-range luxury cars but vintage, exotic cars.
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