OpenAI president Greg Brockman says company could be IPO ready in 2027

OpenAI co-founder and president Greg Brockman said Wednesday that the company could be ready to go public in 2027, telling a Wall Street Journal tech conference interviewer that he felt "extremely good about the business." When asked directly whether OpenAI would be IPO-ready next year, Brockman replied, "I think so. Yes." He added that the company has been clear it wants to go public "when we feel is the right time for us."

Brockman's confidence followed a candid accounting of OpenAI's 2026 trajectory. He described the first and second quarters as "pretty rough" and admitted the company "wasn't even in the conversation" on agentic coding — an area where Anthropic's Claude Code has gained market share. "We had Codex, but no one was talking about it," he said, adding that the company "just kept our heads down and executed."

That persistence showed up in the numbers. By the third quarter, OpenAI saw 70% quarterly growth in annualized revenue, which Brockman attributed to the enterprise side of the business doubling. He framed the gain not as a single-quarter event but as the cumulative result of earlier investments. The majority of OpenAI's revenue now comes from enterprise, a segment that previously accounted for roughly 30% of the total.

Crucially, Brockman said consumer revenue has continued to grow — the shift reflects enterprise taking off, not consumer shrinking. He pointed to a recent partnership with J.P. Morgan Chase as one example of the type of client OpenAI is now winning. He also outlined lessons from the push: the company's job, he said, is to help businesses identify the most important milestones they can achieve with its AI, build trust, and demonstrate it is a reliable long-term partner.

A year ago, Brockman said, "we weren't even really in the enterprise game" and were widely perceived as a consumer company, with prospects questioning OpenAI's commitment to enterprise customers. "But it's so different today," he said. What remains untested is whether a 70% quarterly growth rate and a majority-enterprise revenue mix hold up long enough to satisfy public-market scrutiny, and whether the agentic coding gap OpenAI conceded will stay open or close in the quarters ahead.

Open questions worth watching: whether the enterprise momentum extends beyond marquee logos like J.P. Morgan Chase, how the consumer and enterprise segments balance as both grow, and whether Brockman's 2027 timeline firms up as the company nears a decision on going public.