OpenAI could be ready for IPO by 2027, president says

OpenAI co-founder and president Greg Brockman stated on Wednesday that the company could be prepared for an initial public offering by 2027. Speaking at a Wall Street Journal tech conference, the executive highlighted the business's increasing success within the enterprise market.

When asked during the event if the firm would be IPO-ready next year, Brockman responded, “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.”

Brockman explained that the firm's enterprise trajectory shifted throughout 2026, describing the first and second quarters as “pretty rough.” He acknowledged that the company “wasn’t even in the conversation” regarding agentic coding, a sector where rival Anthropic’s Claude Code has secured market share. Regarding their own tool, he noted, “We had Codex, but no one was talking about it,” before stating, “and I think that we just kept our heads down and executed.”

Activity accelerated by the third quarter, with OpenAI recording 70% quarterly growth in its annualized revenue. Brockman credited this to the enterprise division doubling in size and noted that the results were the culmination of earlier investments. The enterprise segment now accounts for the majority of the company's revenue, having previously represented only about 30%.

“And it’s not that consumer [revenue has shrunk] … It’s been growing, but it’s the enterprise segment has really taken off,” he stated, citing a partnership with JPMorgan Chase as evidence of the firm's progress. Brockman added that OpenAI has shifted its focus toward helping businesses identify key milestones and building long-term trust.

Reflecting on the company’s reputation, Brockman said, “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?’” He concluded, “But it’s so different today.”