OpenAI president Greg Brockman says the company could be IPO ready in 2027 as enterprise revenue doubles

What did Greg Brockman say about the IPO timeline?

Speaking at a Wall Street Journal tech conference in Napa, California on Wednesday, OpenAI president Greg Brockman gave the company's clearest signal yet about its public-market ambitions. Asked whether OpenAI would be ready for an IPO in 2027, Brockman replied "I think so. Yes."

"We've been very clear this year that we want to go public when we feel it's the right time for us, and I feel extremely good about the business," Brockman said, as reported by TechCrunch. "I feel like we've made so much progress this year, and I've honestly never felt more confident in what we're doing."

Reuters reported that Brockman made the remarks during an on-stage conversation at the WSJ event, noting that the company now generates the majority of its revenue from enterprise sales.

How did enterprise revenue change in 2026?

Brockman detailed how OpenAI's enterprise trajectory shifted over the course of 2026. The first two quarters were "pretty rough," he said, and OpenAI "wasn't even in the conversation" when it came to agentic coding — an area where Anthropic's Claude Code has gained significant market share.

"We had Codex, but no one was talking about it," Brockman continued, noting the team "kept our heads down and executed."

By the third quarter, activity picked up sharply. OpenAI saw 70 percent quarterly growth in its annualized revenue, which Brockman attributed to enterprise business doubling. He explained the growth was not a single-quarter event but the result of cumulative investments.

The majority of OpenAI's revenue is now coming from the enterprise segment, which previously accounted for only around 30 percent of total revenue. "It's not that consumer has shrunk — it's been growing, but the enterprise segment has really taken off," Brockman said, citing a recent partnership with JPMorgan Chase as one example of the type of client OpenAI is now winning.

What changed for OpenAI's enterprise strategy?

Brockman said OpenAI learned 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 it was a reliable partner for the long haul. He contrasted this with the company's perception a year earlier.

"A year ago, we weren't even really in the enterprise game. 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."

The shift mirrors OpenAI's broader commercial push. In addition to enterprise sales, the company has expanded its product lineup with GPT-6 Cyber for cybersecurity, GPT-6.1 Terra for computer use, and the Decisions API for structured outputs. It has also been deepening partnerships, including a $10 billion revenue stream from Microsoft and expanded cloud availability on Google Cloud.

How does this fit into OpenAI's financial picture?

OpenAI has been on a rapid fundraising trajectory, most recently nearing a $30 billion round at a lower $1.25 trillion valuation. Earlier this year, it slashed its fundraising target to $20 billion after securing a major compute deal. The company's annualized revenue has been climbing steadily, driven by both consumer subscriptions — ChatGPT now handles about 20 percent of Google's search volume — and enterprise deals.

TNW reported that Brockman's IPO timeline is the most specific the company has offered, and follows Anthropic filing for an IPO earlier this year to list on the Nasdaq as ANT. OpenAI's road to public markets will depend on maintaining the enterprise growth trajectory it established in the second half of 2026.

The IPO speculation comes alongside broader changes in OpenAI's governance. The company recently published a National Community Compact and Compute Campus Policy Blueprint, signaling a more engaged posture toward regulation and community relations. Brockman's comments at the WSJ conference suggest OpenAI sees the public listing not as a distant possibility but as a concrete milestone it is actively preparing for, contingent on maintaining the growth trajectory established in the second half of 2026.