OpenAI President Greg Brockman Signals Company Could Be IPO Ready in 2027

OpenAI co-founder and president Greg Brockman indicated that the artificial intelligence developer could be prepared for an initial public offering in 2027, driven by rapid enterprise revenue growth. Speaking at a Wall Street Journal technology conference on Wednesday, the executive emphasized that the organization has steadily expanded its footprint across institutional commercial clients. When asked directly whether the company would be ready to go public next year, Brockman affirmed his belief that it would. Brockman explained that internal leadership intends to pursue a public listing when the timing feels right, expressing that he has never felt more confident in what the company is doing.

Commercial Turnaround and Enterprise Acceleration

The executive outlined how OpenAI navigated operational difficulties earlier in 2026, describing the opening two quarters as pretty rough periods for the business. He acknowledged that the company had initially fallen behind in agentic coding, a specialized segment where rival AI developer Anthropic captured early market share through Claude Code. While OpenAI developed its early Codex model, developer attention had waned until internal teams refocused engineering execution across subsequent quarters. By the third quarter, financial momentum accelerated markedly as annualized revenue expanded by 70% compared to the preceding quarter. Brockman credited this acceleration to the enterprise business doubling in scale over that timeframe. He emphasized that the surge reflected the cumulative payoff of long-term strategic investments rather than an isolated quarterly development. OpenAI planned approximately $36 billion of recognized revenue for 2026, according to Luminix AI.

Revenue Composition and Banking Partnerships

Commercial accounts now generate the majority of OpenAI's total incoming revenue, marking a fundamental transformation in its commercial profile. Historically, enterprise contracts contributed around 30% of its total revenue, with retail subscriptions dominating early balance sheets. The executive noted that while consumer revenue has continued expanding rather than shrinking, the institutional segment has taken off at a faster pace. He highlighted a corporate engagement with JPMorgan Chase as one example of the major clients the platform is now winning.

Institutional Client Strategy and Market Evolution

The executive detailed strategic adaptations the company instituted to successfully secure major corporate partnerships. Rather than functioning merely as an infrastructure vendor, OpenAI transitioned toward assisting institutional clients in establishing verifiable technological milestones. Brockman stated that building long-term trust and demonstrating that OpenAI was a reliable partner for the long haul guided corporate relations. Brockman observed that while prospective clients questioned the startup's institutional dedication in previous discussions, corporate perceptions have fundamentally transformed across 2026.

Background

OpenAI confidentially submitted a draft S-1 registration statement to the SEC on June 8, 2026.