OpenAI president and co-founder Greg Brockman said the company expects to be prepared for an initial public offering in 2027, pointing to rapid growth in its business selling to enterprises. Speaking at a Wall Street Journal tech conference on Wednesday, Brockman said the company has been open about wanting to go public at the right moment and that he has strong confidence in the business.
Asked at the event whether OpenAI would be IPO-ready next year, Brockman agreed. He said OpenAI had made substantial progress during 2026 and that he had never been more confident in its direction, according to remarks reported from the conference.
Brockman described a difficult start to the year, saying the first and second quarters were rough. He acknowledged OpenAI was not part of the conversation in agentic coding, a market where Anthropic's Claude Code has picked up share. OpenAI had Codex, he said, but it was not drawing attention, and the company focused on executing.
Performance improved by the third quarter, when OpenAI recorded 70% quarterly growth in annualized revenue. Brockman attributed the gain to the enterprise side of the business doubling, and said it reflected investments built up over time rather than a single quarter's event.
Enterprise now generates the majority of OpenAI's revenue, up from roughly 30% previously. Brockman said consumer revenue has not contracted and continues to grow, while the enterprise segment has accelerated. He cited a recent partnership with JPMorgan Chase as an example of the clients OpenAI is now signing.
Brockman also discussed what OpenAI has learned from selling to businesses. He said the company now understands its role as helping customers identify the most important milestones they can reach with its AI technology, building trust, and showing it is a dependable long-term partner.
A year ago, Brockman said, OpenAI was viewed mainly as a consumer company, and prospective corporate customers questioned whether it was genuinely committed to the enterprise market. He said that perception has changed markedly.
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