OpenAI president Greg Brockman told a Wall Street Journal tech conference on Wednesday that the company could be ready for an initial public offering in 2027.
The executive made the comment while noting enterprise revenue is rising. He was speaking about a market where rival Anthropic had already established a foothold.
When asked if the firm was IPO-ready next year, Brockman replied, “I think so. Yes.”
“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 explained that OpenAI’s trajectory as an enterprise client changed over 2026. The first and second quarters were “pretty rough”. He admitted OpenAI “wasn’t even in the conversation” regarding agentic coding, an area where Anthropic’s Claude Code has gained ground.
“We had Codex, but no one was talking about it,” Brockman continued, “and I think that we just kept our heads down and executed.”
By the third quarter, activity picked up. OpenAI saw 70% quarterly growth in its annualized revenue. Brockman attributed this to the enterprise side of the business doubling. He explained the growth was not simply the result of the quarter itself, but rather the culmination of investments the company had made up to that point.
Now, the majority of OpenAI’s revenue comes from the enterprise business, which previously accounted for only around 30% of its 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. He pointed to a recent partnership with J.P. Morgan Chase as an example of the type of client it is now winning deals with.
Brockman also spoke more broadly about the lessons OpenAI learned from selling into the enterprise market. He said the company had come to understand that its job was to help businesses identify the most important milestones they could achieve with its AI technology, build trust with clients, and demonstrate that it was a reliable partner for the long haul.
“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?'” Brockman said. “But it’s so different today.”
