OpenAI Could Be Ready for an IPO in 2027, Says Greg Brockman

OpenAI may be preparing for one of the biggest milestones in its history. The artificial intelligence company could be ready to enter the public stock market in 2027, according to its cofounder and president, Greg Brockman. His comments reflect growing confidence in the company's financial performance, particularly its rapidly expanding business with corporate customers.

Speaking at a Wall Street Journal technology conference in Napa, California, Brockman indicated that OpenAI could be ready for an initial public offering, commonly known as an IPO, as early as next year. When asked directly whether the company would be prepared to go public in 2027, he responded positively.

The announcement comes at an important moment for OpenAI. After building its reputation primarily through ChatGPT and other consumer focused AI products, the company is increasingly generating revenue from businesses. This shift could play a major role in determining its future financial position and readiness to attract public investors.

Greg Brockman Expresses Confidence in OpenAI's 2027 IPO Plans

Brockman's comments suggest that OpenAI is becoming more comfortable with the idea of entering the public market. He explained that the company wants to go public when the timing makes sense for its business rather than rushing into a stock market listing.

He also expressed strong confidence in the company's recent progress, saying that OpenAI has made significant improvements throughout 2026.

Although Brockman believes the company could be ready for an IPO in 2027, his statement should not be interpreted as confirmation of a specific listing date. OpenAI has not announced an official IPO schedule, and several financial and organizational decisions would still need to be considered before the company makes its final move.

An IPO would allow ordinary investors to purchase shares in OpenAI through public stock exchanges. It would also introduce a new level of financial transparency, regulatory oversight, and accountability.

For a company operating in such a competitive and expensive industry, preparing for that transition requires more than simply generating impressive revenue figures.

Enterprise Revenue Becomes OpenAI's Biggest Growth Driver

One of the most important developments discussed by Brockman was the dramatic change in OpenAI's revenue structure.

Previously, enterprise customers contributed approximately 30% of the company's total revenue. Most of its income came from consumer products, particularly ChatGPT subscriptions and related services.

That situation has changed considerably.

Brockman revealed that business customers now generate the majority of OpenAI's revenue. He emphasized that this development does not mean consumer revenue has declined. Instead, both segments have continued growing, but enterprise sales have expanded much faster.

This is an important achievement because corporate customers often represent a more predictable source of income.

Businesses may purchase large numbers of AI subscriptions, integrate AI systems into their existing operations, and sign longer term agreements. These relationships can create recurring revenue opportunities that are attractive to potential investors.

For example, a major financial institution using OpenAI technology across multiple departments could represent a significantly larger commercial opportunity than an individual ChatGPT subscription.

Brockman pointed to OpenAI's recent partnership with JPMorgan Chase as an example of the type of enterprise customer the company is now attracting.

The growing presence of major corporations suggests that OpenAI is becoming more than a consumer AI platform.

OpenAI Experienced a Difficult First Half of 2026

Despite its recent success, Brockman acknowledged that OpenAI faced challenges during the first two quarters of 2026.

One particularly difficult area was agentic coding, where AI systems can perform programming tasks with greater independence. During that period, OpenAI struggled to attract the same level of attention as Anthropic, whose Claude Code product had gained considerable traction among developers.

Brockman admitted that OpenAI's Codex product was not receiving much attention at the time, even though the company had already developed the technology.

This situation highlighted the growing competition in the AI development market.

Anthropic had established a strong position among software developers, while OpenAI needed to demonstrate that it could compete effectively in an increasingly important business category.

Rather than abandoning its efforts, OpenAI continued investing in its products and improving its enterprise strategy.

According to Brockman, the company's performance began improving during the third quarter as those investments started producing results.

Third Quarter Revenue Growth Shows Strong Momentum

OpenAI experienced a significant improvement in business performance during the third quarter of 2026.

Brockman reported approximately 70% quarterly growth in annualized revenue, attributing much of the improvement to the enterprise business doubling in size.

He explained that this growth was not simply the result of one successful quarter. Instead, it reflected investments and product development efforts that had been building over time.

The improvement suggests that OpenAI's commercial strategy is beginning to deliver stronger results.

Its enterprise offerings are becoming more attractive to businesses that want to use artificial intelligence for software development, workplace productivity, research, customer support, and other operational activities.

The growth also demonstrates why OpenAI is increasingly focused on selling its technology to large organizations rather than depending primarily on individual subscriptions.

However, revenue growth alone does not establish whether a company is profitable. Developing advanced AI models, maintaining computing infrastructure, and securing the resources needed for future research involve substantial expenses.

Potential investors will therefore want to understand not only how quickly OpenAI generates revenue but also how efficiently it manages its costs.

Codex and Enterprise AI Are Becoming Important Priorities

OpenAI's growing enterprise business is closely connected to its efforts to improve its AI tools for professional use.

Codex is one of the products receiving increasing attention. It is designed to help developers work with code and automate programming tasks, allowing software teams to complete certain activities more efficiently.

The product is particularly important because AI powered coding tools have become a competitive battleground.

Companies such as Anthropic have attracted developers with products that can assist with complex programming workflows. OpenAI now appears to be making a stronger effort to compete in this market.

Beyond coding, businesses are also exploring AI systems that can assist employees with research, document creation, data analysis, and everyday workplace responsibilities.

These capabilities could create substantial commercial opportunities as organizations look for practical ways to introduce AI into their operations.

For OpenAI, the challenge is to demonstrate that its technology can deliver measurable business results rather than simply generate impressive demonstrations.

Brockman explained that the company has learned how important it is to understand what businesses actually want to achieve. Building trust, identifying valuable use cases, and proving long term reliability have become essential parts of its enterprise strategy.

Competition With Anthropic Is Heating Up

OpenAI's push toward an IPO is happening alongside increasing competition from Anthropic.

Both companies are competing for enterprise customers, developer attention, investment, and a larger share of the expanding AI market.

Anthropic has made considerable progress with Claude and its coding products, establishing itself as a serious competitor in professional AI applications.

OpenAI, meanwhile, has the advantage of an established consumer ecosystem through ChatGPT and a growing collection of business focused products.

The competition is particularly important because enterprise customers can represent significant long term revenue opportunities.

A company that becomes deeply integrated into a corporation's daily operations may be difficult to replace. This creates an incentive for AI providers to establish strong business relationships before competitors secure those customers.

Anthropic is also reportedly preparing for a public market debut, potentially ahead of OpenAI.

If that happens, investors could soon have an opportunity to compare two of the most influential private AI companies through their financial performance and public market valuations.

The competition could also increase pressure on OpenAI to demonstrate that its growth is sustainable.

What an OpenAI IPO Could Mean for Investors

An OpenAI IPO would be a major event for the technology industry.

Public investors would gain an opportunity to participate financially in a company that has played a central role in bringing generative AI into mainstream use.

The company could also gain access to a much larger pool of capital through public share offerings.

That funding could help support expensive AI research, develop more advanced models, expand computing infrastructure, and strengthen its position against competitors.

However, investing in OpenAI would not automatically guarantee financial success.

AI development requires enormous spending on computing equipment, electricity, data centers, research talent, and model training. These expenses could affect profitability even if revenue continues increasing.

Investors would also need to consider competition, changing customer demand, regulatory requirements, and the possibility that future AI products may not generate the expected returns.

The company's financial structure and long term business strategy would therefore receive significant attention during any IPO process.

For potential shareholders, the most important question will be whether OpenAI can turn its growing commercial presence into a financially sustainable business.

OpenAI's Transformation From a Consumer Company to an Enterprise AI Leader

Perhaps the biggest takeaway from Brockman's comments is how much OpenAI's business has changed.

Just a year earlier, many companies viewed OpenAI primarily as the organization behind ChatGPT. According to Brockman, prospective business customers questioned whether the company was genuinely committed to enterprise services.

Today, that perception is changing.

OpenAI is increasingly positioning itself as a technology partner for large organizations. Its products are becoming part of business workflows, while partnerships with major companies are helping establish its credibility in the corporate market.

This transformation could be particularly valuable as businesses move beyond experimenting with AI and begin incorporating it into essential operations.

The company still faces significant challenges, but its growing enterprise revenue provides a stronger foundation for its future ambitions.

Conclusion

OpenAI President Greg Brockman's comments have brought the possibility of a 2027 IPO into sharper focus. The company's growing enterprise business, improving revenue performance, and expanding corporate partnerships suggest that it is making meaningful progress toward becoming a publicly traded technology company.

The reported 70% quarterly growth in annualized revenue and the doubling of its enterprise business highlight the momentum behind its latest strategy.

Nevertheless, an IPO is not guaranteed, and OpenAI has not confirmed an official listing date. Its ability to manage expenses, maintain growth, compete with Anthropic, and demonstrate long term financial stability will remain important factors.

If OpenAI successfully prepares for a public offering in 2027, it could become one of the most closely watched stock market debuts in the technology sector. For now, the company's next challenge is turning its recent momentum into lasting business success.

Frequently Asked Questions (FAQs) 1. When could OpenAI go public?

OpenAI could be ready for an initial public offering in 2027, according to company president Greg Brockman. However, the company has not announced a confirmed listing date.

2. What did Greg Brockman say about OpenAI's IPO?

Brockman expressed confidence that OpenAI could be ready to go public in 2027. He also said the company wants to enter the public market when the timing is right for its business.

3. How much of OpenAI's revenue comes from enterprise customers?

According to Brockman, enterprise customers now generate the majority of OpenAI's revenue. Previously, this segment accounted for approximately 30% of the company's total revenue.

4. Why is OpenAI focusing more on enterprise customers?

Enterprise customers offer opportunities for larger commercial agreements, recurring revenue, and deeper integration of AI technology into business operations. This can help create a more sustainable business model.

5. Is OpenAI competing with Anthropic?

Yes. OpenAI and Anthropic are competing in enterprise AI, software development tools, and advanced AI models. Both companies are working to attract businesses and developers as demand for AI technology continues growing.

Originally published at https://techforgex.com on November 5, 2026.