OpenAI could be ready for an initial public offering (IPO) in 2027, according to company President and Co-founder Greg Brockman, who pointed to growing enterprise revenue and stronger adoption of its artificial intelligence products among businesses.
Speaking at a Wall Street Journal technology conference on November 4, Brockman indicated that the company could be prepared to enter public markets next year, although he did not confirm a timeline for a potential listing.
When asked whether OpenAI would be IPO-ready in 2027, Brockman responded affirmatively, while reiterating that the company would pursue a public offering when it considered the timing appropriate.
His comments come as OpenAI expands its enterprise operations, competing with AI companies including Anthropic for corporate customers and software development workloads.
Brockman acknowledged that the first two quarters of 2026 had been challenging for OpenAI's enterprise business, particularly in the market for AI-powered coding tools.
He said the company had struggled to gain attention for Codex, its coding assistant, while Anthropic's Claude Code was attracting interest among developers and enterprise customers.
However, OpenAI's business performance improved during the third quarter, supported by increased enterprise adoption and revenue growth.
According to Brockman, the company's annualised revenue grew 70% quarter-on-quarter during the period, with its enterprise business doubling.
He attributed the improvement to investments made throughout the year rather than developments limited to the third quarter.
Enterprise customers now account for the majority of OpenAI's revenue, compared with approximately 30% previously, Brockman said.
The shift indicates a growing contribution from business customers as OpenAI expands beyond its consumer-facing products, including ChatGPT.
Brockman clarified that consumer revenue had continued to increase, but enterprise revenue was growing at a faster pace.
He cited OpenAI's recent partnership with JPMorgan Chase as an example of the company's progress in securing large corporate clients.
The executive also discussed the challenges involved in establishing OpenAI as a long-term technology provider for businesses.
According to Brockman, enterprise customers previously questioned whether the company was sufficiently committed to serving corporate requirements, given its strong association with consumer AI products.
He said OpenAI had subsequently focused on demonstrating reliability, building customer relationships and helping organisations identify practical applications for its technology.
The company's growing enterprise presence comes as AI developers compete to provide coding assistants, productivity tools and other systems for business operations.
A potential IPO would represent a significant development for OpenAI, although Brockman's comments concerned the company's readiness rather than a formal decision to list.
OpenAI has not announced an IPO date, proposed valuation, exchange or filing arrangements.
For now, the company continues to expand its commercial operations while evaluating when a public listing would be appropriate.
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