OpenAI Says It Could Be Ready to Go Public in 2027

OpenAI could be ready for an initial public offering in 2027, according to company president Greg Brockman, who said the artificial intelligence lab has never felt more confident about the state of its business.

Speaking at a Wall Street Journal technology conference on Wednesday, Brockman told the interviewer that the company would be prepared to go public next year. "I think so. Yes," he said when asked directly whether OpenAI would be IPO-ready in 2027.

Enterprise is now the engine

The case for going public rests on a sharp change in where OpenAI's money comes from. Brockman said enterprise revenue has taken off so fast that it now accounts for the majority of the company's revenue, up from roughly 30% previously. Consumer revenue is still growing, he said, but the enterprise segment has grown far faster.

The shift did not happen overnight. Brockman described the first and second quarters of 2026 as "pretty rough" for the company, and he was candid about one weak spot: in agentic coding, OpenAI "wasn't even in the conversation," while rival Anthropic's Claude Code gained market share. "We had Codex, but no one was talking about it," he said.

By the third quarter, the picture had changed. Brockman said OpenAI recorded 70% quarterly growth in annualized revenue, which he attributed to the enterprise business doubling. The growth, he explained, reflected the payoff from investments the company had been making rather than a single quarter's work.

A different company than a year ago

Brockman pointed to a recent partnership with JPMorgan Chase as an example of the kind of client OpenAI is now winning. He said the company has learned that selling to large businesses means helping them identify the milestones AI can deliver, building trust, and proving it can be a reliable long-term partner.

"A year ago, we weren't even really in the enterprise game," Brockman said. "We were really perceived as a consumer company, and a lot of the companies we'd start talking to would say, 'Is OpenAI really committed to the enterprise?' But it's so different today."

The remarks come as the race among AI labs increasingly turns on who can convert research leadership into durable business revenue. Anthropic has already made inroads with enterprise customers, and Brockman acknowledged that competition directly. OpenAI's pitch, as he framed it, is that it has now closed the gap — and that the enterprise business is strong enough to support a public listing.

Brockman was careful to frame readiness as distinct from a decision. OpenAI has said throughout the year that it wants to go public when the timing feels right, and Brockman's comments suggest the company now believes that moment is approaching, even if no date has been set.

Written by the BidAsk Newsroom. Based on reporting from the sources below.