OpenAI co-founder and president Greg Brockman revealed that the company aims to be IPO-ready by 2027, highlighting significant growth in its enterprise sector. Speaking at the Wall Street Journal tech conference on Wednesday, Brockman emphasized how OpenAI has been gaining ground in the enterprise market, successfully challenging rivals like Anthropic who had already established a strong presence there.
When asked directly if the company would be ready for an initial public offering next year, Brockman responded, “I think so. Yes.” He reiterated the company’s stance that it intends to go public at the most opportune moment, expressing immense confidence in the business’s trajectory. “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. I feel like we’ve made so much progress this year, and I’ve honestly never felt more confident in what we’re doing,” he stated.
Brockman provided a candid look at the company's performance over 2026, noting that the first and second quarters were “pretty rough.” He also acknowledged that OpenAI was initially overlooked in the agentic coding space, a domain where Anthropic’s Claude Code gained traction. “We had Codex, but no one was talking about it,” Brockman remarked, adding that the team remained focused and executed their strategy quietly.
However, momentum shifted in the third quarter. OpenAI reported a 70% quarterly increase in annualized revenue, a figure Brockman attributed to the enterprise business more than doubling. He clarified that this growth was not a sudden spike but the result of sustained investment efforts up to that point. Currently, the majority of OpenAI’s revenue stems from the enterprise side, marking a major shift from the previous 30% share.
“And it’s not that consumer [revenue has shrunk]… It’s been growing, but it’s the enterprise segment has really taken off,” Brockman explained, citing a recent partnership with J.P. Morgan Chase as a key example of the high-value clients the company is now securing.
Furthermore, Brockman discussed the strategic evolution OpenAI experienced while navigating the enterprise landscape. The company learned to focus on helping businesses identify critical milestones achievable through AI, building trust, and proving long-term reliability. Reflecting on the change, Brockman noted, “A year ago, we weren’t even really in the enterprise game, right? 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.”
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