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OpenAI President Greg Brockman States Company Could Be IPO-Ready by 2027
Key points
- OpenAI aims for an IPO by 2027.
- Enterprise revenue now forms the majority of OpenAI's income.
- Q3 2026 saw 70% quarterly growth in annualized revenue.
- OpenAI was not a major player in enterprise a year ago.
IPO Readiness by 2027
OpenAI co-founder and president Greg Brockman stated at a Wall Street Journal tech conference that the company could be prepared for an Initial Public Offering (IPO) by 2027. This timeline is based on the company's recent financial performance and strategic shifts.
Enterprise Revenue Growth
Brockman highlighted the substantial growth in OpenAI's enterprise market presence. The company's enterprise business now generates the majority of its revenue, a significant change from when it constituted only about 30% of total revenue. This growth occurred while consumer revenue also continued to increase.
Financial Performance in 2026
The first and second quarters of 2026 were described as challenging for OpenAI's enterprise trajectory. However, the third quarter saw a turnaround, with the company achieving 70% quarterly growth in its annualized revenue. This growth was attributed to the doubling of the enterprise side of the business, resulting from prior investments.
Market Position and Strategy
A year ago, OpenAI was primarily perceived as a consumer company and was not a significant competitor in the enterprise sector or in areas like agentic coding. The company has since focused on building trust with clients and demonstrating reliability, as exemplified by partnerships such as the one with JPMorgan Chase.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
OpenAI President Greg Brockman indicated the company could be ready for an Initial Public Offering (IPO) by 2027, citing significant growth in its enterprise revenue. The company's enterprise business now accounts for the majority of its revenue, a shift from its previous consumer-focused perception.