Twitter Inc's public debut would reportedly be the biggest public listing Goldman Sachs Group Inc. had led for a US technology company. The California-based social network platform would be seeking to raise USD1 billion in an IPO. This was according to a regulatory filing yesterday.

The company had listed Goldman Sachs as the lead bank which would manage the deal. The amount for the IPO was merely a placeholder, but it might change at a level when CompuServe Inc. had raised USD480 million in a 1996 IPO, also led by Goldman. This was according to a data compiled by Bloomberg.

Goldman Sachs had been gaining ground lately in lead adviser ranking for US Internet and technology public offerings. After Twitter selected Goldman Sachs, the bank was placed first in preferred banks to lead US technology IPOs.

Underwriters for the Twitter IPO were poised to get as much as USD30 million in fees. This would equate to around 1% to 3% of the offering size, according to research firm Freeman & Co. This could be compared to the amount paid by Facebook at 1.1% for its USD16 billion IPO, and Zynga when it paid 3.25% for its USD1 billion IPO.