Brockman Says OpenAI Could Be IPO Ready in 2027

OpenAI President Greg Brockman said enterprise customers now generate most of the company’s revenue and that he thinks it could be ready for an initial public offering in 2027, while emphasizing that the company has not set a timetable to go public. Brockman made the remarks on November 4 at a Wall Street Journal event in Napa, California. Asked whether OpenAI could be IPO-ready in 2027, he answered, “I think so.” He also said the company would go public when it felt the timing was right. His response expressed a view about readiness, not an announced decision or offering date. Brockman said OpenAI’s annualized revenue grew 70% quarter over quarter in the third quarter of 2026, and revenue from enterprise customers doubled during the period. He attributed the growth to the enterprise business and said it followed investments made earlier. The figures were his account at the event; no underlying financial statements were provided in the reporting. The company’s revenue mix has shifted from an earlier point when enterprise accounted for about 30% of total revenue, Brockman said. He added that consumer revenue had continued to grow even as business sales expanded. He did not give...