Before Facebook announced it has filed to go public in a much anticipated IPO due out this year (May 14th to be exact), its shares were trading in the private market (Second Market) on a valuation of over $100 billion. Today, Facebook released its quarterly results and there’s a very piece of information there. Everyone has been waiting to see how Facebook will price and at what valuation. The valuation is about $75 billion at a price of $30.89. That’s a lot less than what many investors bought into at $45/share thinking they would make a huge profit when Facebook opens for trading.

Lucky for us normal folks, we will have a splendid chance at getting Facebook shares at a fair price. I will be a buyer of these shares under $40.