OpenAI President Signals Potential 2027 IPO Amid Enterprise Pivot
AI-generated image · Bay Street Wire
Greg Brockman claims the company is gaining ground in the corporate market following a difficult start to 2026.
OpenAI co-founder and president Greg Brockman stated during a Wall Street Journal tech conference that the company could be ready for an initial public offering in 2027, as TechCrunch first reported. According to reporting from TechCrunch, Brockman expressed high confidence in the business, noting that OpenAI intends to go public when the timing is right.
Brockman detailed a significant shift in the company's revenue model throughout 2026. While the first two quarters of the year were described as "pretty rough," the company saw 70% quarterly growth in annualized revenue by the third quarter. This surge was driven by the enterprise segment, which doubled in size and now accounts for the majority of OpenAI's revenue, up from a previous share of approximately 30%.
Brockman highlighted a partnership with JPMorgan Chase as evidence of the company's success in winning enterprise deals. He admitted that OpenAI previously struggled with a perception as a consumer-focused entity and was not a primary contender in agentic coding, a space where rival Anthropic's Claude Code has captured market share. Brockman noted that the company has since focused on building trust and demonstrating reliability to corporate clients to prove its commitment to the enterprise market.