OpenAI’s Greg Brockman says company could be ready for 2027 IPO

OpenAI president Greg Brockman said on November 4 that he thinks the company could be ready for an initial public offering in 2027, as its business shifts toward enterprise sales. Speaking at a Wall Street Journal technology conference in Napa, California, he replied “I think so” when asked whether OpenAI would be ready to go public next year. He said the company wants to list when it considers the timing right; he did not announce a decision or schedule.

Enterprise sales now account for most of OpenAI’s revenue

Brockman said enterprise customers now generate a majority of OpenAI’s revenue, compared with about 30% previously. He also said annualized revenue grew 70% quarter over quarter in the third quarter of 2026, attributing that increase to the enterprise business doubling. Those figures are Brockman’s account and have not been independently verified.

OpenAI is competing for business customers

Brockman said OpenAI had previously been seen as a consumer company, and that prospective customers had questioned its commitment to enterprise sales. He said that perception had changed. Reuters reported that the company has been stepping up business sales against rival Anthropic and promoting its Codex agent. Brockman said OpenAI had earlier struggled to attract attention in agentic coding, where Anthropic’s Claude Code had gained ground, before the company’s activity picked up in the third quarter.

Reuters also reported that OpenAI had delayed IPO plans and was increasing fundraising to capitalize on recent growth. The same report said Anthropic was likely to go public before the end of 2026. Neither prospect establishes that OpenAI will file in 2027: Brockman framed that year as his view of when the company could be ready, while saying the timing would depend on when OpenAI judged it right.