OpenAI president and co-founder Greg Brockman said on Wednesday (November 4) that the company could be ready for an initial public offering (IPO) in 2027. The statement was made at a Wall Street Journal technology conference in Napa, California, when the interviewer asked whether OpenAI would be ready to go public next year. Brockman's answer was brief: "I think so."
The tone matters: this is a statement about readiness, not a listing announcement. No date, exchange or offering price has been set, and the company has already delayed its timeline once, after concluding that 2026 would be too soon.
Enterprise now leads revenue
Brockman said enterprise customers now account for the majority of OpenAI's revenue — a turnaround from the recent past, when the segment represented about 30% of the total. By April, the share had already passed 40%. According to him, annualized revenue grew 70% in the third quarter of 2026, with the enterprise business doubling in size.
The executive acknowledged that the first half of 2026 was difficult, with Anthropic gaining ground in the enterprise market and drawing attention with its AI coding products. The rival, in turn, is expected to go public before the end of 2026, according to reports.
The road to the stock market
OpenAI has already taken a concrete step toward the public market: according to the Associated Press, the company confidentially filed a draft registration statement with the SEC, the US securities regulator, in June 2026. The company's chief financial officer had already pointed to 2027 as the horizon for the listing.
In parallel, the company is seeking fresh capital ahead of any debut: according to the Wall Street Journal, the current round has already gathered about $11 billion in commitments, against an initial target of $30 billion, later reduced to as much as $20 billion, at a valuation of around $1.25 trillion. Published estimates put annualized revenue at about $50 billion at the end of September, targeting more than $70 billion by year-end — but those are reported estimates: OpenAI has not published audited financial statements.
Read also: Anthropic reports nearly $17 billion in revenue in Q3 ahead of IPO
Image credit: OpenAI's "blossom" logo, in use since February 2025. Image by OpenAI, via Wikimedia Commons, public domain (trademarked).
Sources: TechCrunch; Reuters; Invezz; Aistify.
Transparency: this article was produced with the assistance of artificial intelligence, cross-checked against public posts on X and internet sources, and reviewed before publication. Please consult the original sources to confirm the details.
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