OpenAI's president says the company could be ready for an IPO in 2027
Brockman credits a rebound in enterprise sales, which now make up most of OpenAI's revenue, for the stronger outlook.
OpenAI co-founder and president Greg Brockman told a Wall Street Journal conference that the company could be ready for an IPO in 2027, citing strong recent momentum. He said early 2026 had been difficult, particularly in agentic coding where OpenAI had lagged rival Anthropic, but that third-quarter activity rebounded with 70% quarterly growth in annualized revenue. Brockman credited much of that to enterprise sales doubling, which now make up the majority of the company's revenue after previously accounting for roughly 30%. He also pointed to a partnership with J.P. Morgan Chase as evidence the company is winning larger business clients. Consumer revenue, by his account, has continued to grow as well, though enterprise has expanded faster.
Why it matters
The remark signals that OpenAI's business is shifting toward large enterprise customers and away from a consumer-led model, a change that matters to investors and to rivals competing for the same corporate buyers. Brockman also acknowledged that OpenAI had lagged Anthropic in agentic coding in early 2026, so the company's recovery is tied to enterprise deals rather than a win across every product category. Whether an IPO happens in 2027 depends on that momentum holding, and Brockman's comments are a statement of readiness rather than a confirmed timetable.
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