OpenAI co-founder and president Greg Brockman said the company could be ready for an initial public offering in 2027, speaking at a Wall Street Journal tech conference. He described a shift in the company’s business toward enterprise clients and expressed increased confidence in the company’s trajectory.
Enterprise growth and revenue mix
Brockman said OpenAI’s enterprise business has been expanding rapidly and now accounts for the majority of the company’s revenue. He noted that enterprise previously represented only around 30% of total revenue and that the change followed a period of heavy investment.
By the third quarter, Brockman reported, OpenAI recorded 70% quarterly growth in its annualized revenue. He attributed that surge to the enterprise segment doubling and cited partnerships such as a recent deal with J.P. Morgan Chase as examples of the types of clients the company is now winning.
Product positioning and market challenges
Brockman described the first and second quarters of 2026 as “pretty rough” and said OpenAI initially lagged in some enterprise use cases. He acknowledged that OpenAI “wasn’t even in the conversation” around agentic coding while competitors such as Anthropic gained in that area with products like Claude Code. Brockman contrasted that with earlier developer tools, saying, “We had Codex, but no one was talking about it,” and added that the company focused on execution to catch up.
On the topic of going public, Brockman said the company intends to list when it “feels is the right time.” Responding to a question about IPO readiness next year, he answered, “I think so. Yes.” He also said, “I feel extremely good about the business,” and framed recent results as the outcome of sustained investments rather than a single-quarter event.
The comments outline OpenAI’s current emphasis on enterprise sales, recent quarterly growth figures, and a stated openness to pursue an IPO in 2027 if conditions align with the company’s goals.
Original source: TechCrunch AI