OpenAI president Greg Brockman says company could be IPO ready in 2027 — SkimNews
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- Greg Brockman said at a Wall Street Journal tech conference that OpenAI could be ready for an IPO in 2027, while saying it would go public when the timing felt right.
- OpenAI saw 70% quarterly growth in annualized revenue by the third quarter of 2026, which Brockman attributed to its enterprise business doubling and to investments made throughout the year.
- OpenAI said enterprise now generates the majority of revenue, up from around 30% previously, while consumer revenue continued to grow rather than shrink.
- JPMorgan Chase was cited as an example of the corporate clients OpenAI is now winning; Brockman said that a year earlier businesses had questioned OpenAI’s enterprise commitment.
- OpenAI admitted it was “not even in the conversation” in agentic coding despite having Codex, while Anthropic’s Claude Code gained market share.
- OpenAI said its enterprise sales playbook now centers on identifying clients’ most important achievable AI milestones, building trust and demonstrating long-term reliability.
Why it matters: For OpenAI and prospective IPO investors, the material change is the revenue mix: enterprise has risen from around 30% to the majority while annualized revenue grew 70% in the third quarter of 2026. The 2027 IPO timetable therefore rests on corporate growth, even as consumer revenue keeps expanding.
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