OpenAI president Greg Brockman says company could be IPO ready in 2027

OpenAI co‑founder and president Greg Brockman said the firm aims to be ready for an initial public offering in 2027, pointing to growing enterprise revenue. He made the remarks at a Wall Street Journal technology conference on Wednesday.

When asked if the company would be IPO‑ready next year, Brockman replied, “I think so. Yes.” He added, “We’ve been very clear this year that we want to go public when we feel is the right time for us, and I feel extremely good about the business. I feel like we’ve made so much progress this year, and I’ve honestly never felt more confident in what we’re doing,” he said.

Brockman said the first and second quarters of 2026 were “pretty rough” for the enterprise side and admitted OpenAI “wasn’t even in the conversation” on agentic coding, an area where Anthropic’s Claude Code has gained market share. He recalled, “We had Codex, but no one was talking about it,” and noted the team simply kept its heads down and executed.

By the third quarter, activity improved, with a 70% quarterly increase in annualised revenue, which Brockman linked to the enterprise segment doubling. He explained the rise reflected cumulative investments rather than a single quarter’s event.

He said most of OpenAI’s revenue now comes from the enterprise business, which previously accounted for around 30% of total revenue. “And it’s not that consumer [revenue has shrunk] … It’s been growing, but it’s the enterprise segment has really taken off,” he said, citing a recent partnership with JPMorgan Chase as an example of new client wins.

Brockman said the firm has learned to help businesses identify key AI milestones, build trust and prove itself a reliable long‑term partner. He recalled, “A year ago, we weren’t even really in the enterprise game, right? We were really perceived as a consumer company, and a lot of the companies we’d start talking to would say, ‘Is OpenAI really committed to the enterprise?’” and added, “But it’s so different today.”