- OpenAI president Greg Brockman said the company could be IPO-ready in 2027, citing strong enterprise revenue growth.
- OpenAI’s annualized revenue grew 70% quarter-over-quarter in Q3 2026, which Brockman attributed to the enterprise business doubling.
- Enterprise now makes up the majority of OpenAI’s revenue, up from about 30% previously, with JPMorgan Chase cited as a recent client.
- Brockman admitted OpenAI “wasn’t even in the conversation” on agentic coding earlier this year, an area where Anthropic’s Claude Code gained share.
What Happened
Asked at the WSJ Tech conference whether OpenAI would be ready to go public next year, president Greg Brockman replied, “I think so. Yes,” TechCrunch reported Nov 5. He said the company has been clear it wants to go public “when we feel is the right time for us,” and pointed to its 2026 trajectory as evidence it’s getting there.
Why It Matters
The comments come as Anthropic has reportedly filed a confidential S-1 and OpenAI itself has previously been reported to be preparing an IPO filing, making 2027 timing from OpenAI’s own president a more concrete signal than earlier speculation. It also follows data suggesting Anthropic had overtaken OpenAI in B2B adoption, a gap Brockman’s enterprise numbers are meant to address.
Technical Details
Brockman said OpenAI’s first two quarters of 2026 were “pretty rough” for enterprise, but annualized revenue grew 70% quarter-over-quarter by Q3, which he credited to the enterprise segment doubling. Enterprise now accounts for the majority of OpenAI’s revenue, up from roughly 30% previously, with consumer revenue still growing but no longer the dominant share. He pointed to a partnership with JPMorgan Chase as representative of the deals OpenAI is now winning.
Who’s Affected
Enterprise buyers evaluating OpenAI against Anthropic are the direct audience for Brockman’s remarks, as are investors and bankers tracking IPO timing across both companies. Brockman also acknowledged that OpenAI “wasn’t even in the conversation” on agentic coding earlier this year, an area where Anthropic’s Claude Code had gained ground.
What’s Next
Brockman didn’t commit to a specific IPO date, saying only that 2027 readiness is plausible given current momentum; a formal filing timeline from OpenAI has not been announced.
Source: TechCrunch, Nov 5, 2026.
