Technology and Scienceupdated 1h ago2 min read
MapGreg Brockman Says OpenAI will Be IPO Ready in 2027 as Enterprise Revenue Doubles
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Enterprise sales now account for the majority of OpenAI's revenue. OpenAI expects to be IPO-ready in 2027.
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2027 IPO Confidence
OpenAI President Greg Brockman said on Wednesday that he believes the company will be ready to go public in 2027, and he made the case around OpenAI’s revenue shift toward enterprise sales. Brockman spoke at a Wall Street Journal technology conference in Napa, California, and he answered, "I think so." when asked on stage if OpenAI would be ready for an IPO next year. Brockman also said the AI lab has been ramping up sales to businesses in competition with rival Anthropic, which is likely to go public before year end, including pushing its Codex agent.
Brockman described the first and second quarters of 2026 as "pretty rough," and he said OpenAI "wasn’t even in the conversation" when it came to agentic coding. Brockman said that by the third quarter, annualized revenue grew 70% quarter over quarter and that the enterprise side doubled, with the shift reflecting investments made before the third quarter.
Enterprise Push and Partnerships
Brockman said OpenAI now generates the majority of its revenue from enterprise sales, and he attributed the enterprise acceleration to the company’s push to compete with Anthropic in the business market. Brockman said the company has been "very clear this year that we want to go public when we feel is the right time for us," and he added, "I feel extremely good about the business." Brockman pointed to a partnership with JPMorgan Chase as an example of the enterprise deals OpenAI is landing, and he said the companies will explore how advanced AI can support the bank by helping engineers, security teams, employees and customers.
Brockman described the partnership as "just papered" and said the bank is set to use Codex and OpenAI’s cybersecurity models as part of the Daybreak program. Brockman also said he is "especially excited about working together on cybersecurity" to help secure and protect the financial system "to a level that is only possible with AI," in a post on X.
What Readiness Means Next
Brockman’s readiness framing left the actual listing date unresolved, and the conference answer did not include filing announcements, offering size, listing venue, valuation, or a more precise timetable.
Brockman told a Wall Street Journal reporter Keach Hagey, "I think so. Yes," and he also said OpenAI wanted to go public when it felt the time was right.
Brockman’s remarks tied IPO readiness to business milestones, including that enterprise previously supplied an estimated 30% of revenue versus 70% from consumer, but had become the majority source by the interview.
Brockman also connected the enterprise shift to competition with Anthropic and to OpenAI’s Codex agent, while he said the first and second quarters of 2026 were "pretty rough" and OpenAI was "wasn’t even in the conversation" on agentic coding.
Brockman’s confidence also sat alongside fundraising context, with PYMNTS reporting that OpenAI had secured about $11 billion in commitments for its current funding round, less than half of its initial target of $30 billion, and that OpenAI planned to raise more money to bring the total to $20 billion.