OpenAI's Brockman Says Company Could Be Ready to Go Public in 2027
Speaking at a Wall Street Journal conference, the president said enterprise revenue doubled in the third quarter and that early 2026 was "pretty rough" for that business.
OpenAI co-founder and president Greg Brockman said on Wednesday that the company could be ready for an initial public offering in 2027, according to TechCrunch's report on his appearance at a Wall Street Journal technology conference.
Asked whether OpenAI would be ready to go public next year, Brockman answered, "I think so. Yes." He added that OpenAI has been clear it wants to list "when we feel is the right time for us." No filing or date has been announced.
Enterprise rebound
Brockman described the first and second quarters of 2026 as "pretty rough" for OpenAI's enterprise business. He acknowledged the company "wasn't even in the conversation" on agentic coding, where Anthropic's Claude Code has gained share, despite OpenAI having its Codex tool.
According to TechCrunch, he said that in the third quarter:
- Annualized revenue grew 70 percent from the previous quarter.
- Enterprise revenue doubled, which he credited for the growth.
- Enterprise now makes up most of OpenAI's revenue, up from about 30 percent previously.
He said consumer revenue has also grown, and cited a recent partnership with JPMorgan Chase as an example of new enterprise wins. TechCrunch noted that it did not independently verify the figures.
Context
OpenAI's financing has been under close watch. Reports in recent weeks have described a funding round [cut to $20 billion](/news/openai-cuts-funding-round-target-to-20-billion-ft-reports/) and, separately, a [reported near-$30 billion round](/news/openai-reportedly-nears-30-billion-round-1-25-trillion-valuation/) at a $1.25 trillion valuation; those accounts differ and have not been confirmed by the company. Rival Anthropic has [already filed for an IPO](/news/anthropic-files-for-ipo-ticker-ant-first-half-revenue-16-billion/).
