OpenAI President Greg Brockman Signals Potential 2027 IPO

OpenAI co-founder and president Greg Brockman indicated the company could be ready for an Initial Public Offering (IPO) in 2027. Speaking at a Wall Street Journal tech conference on Wednesday, Brockman affirmed his confidence in the business, citing accelerating enterprise revenue and a significant business turnaround. He stated, “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."

Brockman detailed a changing trajectory for OpenAI's enterprise focus over 2026. He noted that the first and second quarters were "pretty rough," and the company "wasn’t even in the conversation" regarding agentic coding, an area where rival Anthropic's Claude Code had gained market share. He acknowledged that while OpenAI had Codex, "no one was talking about it." However, activity surged in the third quarter, with OpenAI experiencing 70% quarterly growth in its annualized revenue, a rise attributed to the enterprise side of the business doubling.

The majority of OpenAI's revenue now stems from its enterprise business, a significant shift from when it previously accounted for approximately 30% of total revenue. Brockman clarified that consumer revenue has also been growing, but the enterprise segment has "really taken off," pointing to a recent partnership with J.P. Morgan Chase as an example of new client acquisitions. He added that the growth reflected a culmination of prior investments.

OpenAI has learned to help businesses identify key milestones with its AI technology, build trust, and demonstrate long-term reliability. Brockman highlighted the transformation, stating that a year ago, the company was primarily perceived as a consumer entity, facing questions about its enterprise commitment. He concluded, "But it’s so different today."

What to watch: Continued growth in enterprise revenue and market perception ahead of a potential IPO.

Editor's note: The draft accurately synthesizes the source material, capturing the key figures, the context of the IPO, and the specific business trajectory described by Brockman.