OpenAI President and co-founder Greg Brockman revealed at a Wall Street Journal tech conference that the company could be ready to go public with an IPO as early as 2027. He expressed strong confidence in the business, citing significant progress during 2026 despite a challenging first half of the year. Brockman highlighted that OpenAI's enterprise revenue has been expanding rapidly, now accounting for the majority of its income, compared to about 30% previously.
The company’s enterprise division experienced a marked turnaround from early 2026, with a 70% growth in annualized revenue in the third quarter. This growth, driven by key partnerships like one with JPMorgan Chase, was the result of sustained investments and strategic focus on winning business clients. Brockman acknowledged that OpenAI had initially lagged behind competitors like Anthropic in areas like agentic coding, but persistent execution helped close the gap over the year.
Brockman also emphasized how OpenAI's approach to the enterprise market evolved, moving from a consumer-focused perception to becoming recognized as a committed, trusted partner to businesses. The company learned how to identify key milestones for clients, build trust, and position itself as a reliable long-term collaborator. This shift marks a significant change compared to just a year prior when OpenAI was "not even in the enterprise game."
Looking ahead, Brockman indicated that going public will happen when the timing feels right, and he conveyed optimism about the company's trajectory and potential. He did not provide specific IPO details but underscored that the advancements made in enterprise technology and revenue growth have positioned OpenAI well. The IPO would potentially place OpenAI in direct competition with rivals like Anthropic, which has already made enterprise market inroads.
Start the discussion with a take, question, or market read.