Key takeaways
- Greg Brockman said on November 4, 2026 that OpenAI could be ready for an IPO in 2027, TechCrunch reports.
- He said annualized revenue grew 70% quarter over quarter in the third quarter, driven by enterprise.
- No filing or date has been announced.
OpenAI president Greg Brockman said on November 4 that the company could be ready for an IPO in 2027. TechCrunch reported on November 5 that he made the comment at a Wall Street Journal tech conference, and answered "I think so. Yes" when asked whether OpenAI would be IPO-ready next year.
Brockman did not announce a filing or a date. He said OpenAI wants to go public when the timing is right, and that he has "never felt more confident" about the company.
The enterprise turnaround
Most of what he said was about business customers. According to TechCrunch, Brockman called the first two quarters of 2026 "pretty rough" for OpenAI's enterprise business, and said the company was not part of the conversation on agentic coding, where Anthropic's Claude Code has gained share. He said OpenAI had Codex, but that "no one was talking about it."
Then the third quarter changed things, he said. OpenAI's annualized revenue grew 70% over the previous quarter, which he attributed mainly to enterprise, a segment that doubled. TechCrunch reports that enterprise is now the majority of OpenAI's revenue, up from about 30% before. He pointed to a recent partnership with JPMorgan Chase as an example of the deals it is winning. These figures are Brockman's own and were not independently checked.
What it means
OpenAI is not the only AI lab thinking about listing. Anthropic has already filed an S-1, and we covered what that filing says about a valuation. A 2027 target for OpenAI puts it behind Anthropic on that path, though neither company has set a pricing date.