OpenAI President Greg Brockman: the company could be ready for an IPO in 2027

Statement on IPO readiness

OpenAI co-founder and president Greg Brockman said the company could be ready to go public in 2027. He made the remark on Wednesday at the Wall Street Journal technology conference, answering a question about readiness for a listing next year: “I think yes.” According to him, OpenAI has stressed throughout the year that it would go public “when it deems the time right for itself,” adding that he has “never felt more confident” in what the company is doing (reports TechCrunch).

Growth driven by the enterprise segment

Brockman attributed his confidence to a shift in the business dynamics over the course of 2026. He described the first two quarters as “pretty rough”: by his own admission, OpenAI “wasn’t even part of the conversation” in the agentic coding segment, where Anthropic, with its Claude Code product, captured a notable share of the market — OpenAI had Codex, “but nobody was talking about it.” In the third quarter, annualized revenue grew 70% in a single quarter, which Brockman linked to the doubling of the enterprise business and described as the result of accumulated investments rather than a one-off quarterly event.

What changed in the revenue structure

The key change: the majority of OpenAI’s revenue now comes from the enterprise business, which previously accounted for only about 30% of income. Brockman clarified that the consumer business did not shrink but continued to grow — the enterprise segment simply “really took off.” As an example of major clients, he cited the recent partnership with J.P. Morgan Chase. A year earlier, he said, OpenAI was seen as a consumer company, and prospective customers doubted its seriousness in the enterprise market, but “today it’s a completely different story.”

Context and limitations

The statement about IPO readiness is an executive’s assessment, not an announced decision: the company did not name specific timelines, a valuation, or a listing date. A comparison with the earlier situation, which Brockman himself described at the same conference, shows a confirmed shift: from the position of an outsider in the enterprise segment at the beginning of the year to a dominant share of corporate revenue by the third quarter. Direct financial reporting data were not included in the publication, since OpenAI remains a private company.