OpenAI Eyes 2027 IPO as Enterprise Revenue Surges
Original: OpenAI president Greg Brockman says company could be IPO ready in 2027
Why This Matters
OpenAI's enterprise pivot signals where AI monetization is maturing fastest.
OpenAI president Greg Brockman said at a WSJ tech conference on Nov. 5, 2026, that the company could be IPO-ready in 2027, citing 70% quarterly annualized revenue growth driven by a doubling of enterprise business in Q3.
Greg Brockman, OpenAI's co-founder and president, told a Wall Street Journal tech conference audience that OpenAI is on track for a potential public offering in 2027. Asked directly whether the company would be IPO-ready next year, he replied, "I think so. Yes."
The path there wasn't smooth. Brockman acknowledged Q1 and Q2 2026 were "pretty rough," and openly admitted OpenAI "wasn't even in the conversation" on agentic coding — a space where Anthropic's Claude Code grabbed meaningful share. "We had Codex, but no one was talking about it," he said.
By Q3, things shifted sharply. OpenAI posted 70% quarterly growth in annualized revenue, which Brockman credited to enterprise doubling. Enterprise revenue has gone from roughly 30% of total revenue to now representing the majority. Consumer revenue is still growing, he stressed — it's just being outpaced. A new partnership with J.P. Morgan Chase was cited as a signal of the caliber of clients OpenAI is now closing.
"A year ago, we weren't even really in the enterprise game," Brockman said. "A lot of the companies we'd start talking to would say, 'Is OpenAI really committed to the enterprise?' But it's so different today." He attributed the turnaround to building client trust and helping businesses identify concrete milestones with AI — less about selling technology, more about being a reliable long-term partner.