At a Wall Street Journal tech conference, OpenAI co-founder and president Greg Brockman said the company would be ready for an IPO in 2027, answering “I think so. Yes” when asked whether it could be IPO-ready next year. Brockman said OpenAI wanted to go public “when we feel is the right time,” expressed confidence in the business, and credited strong enterprise growth for shifting the company’s trajectory.

Brockman said the first two quarters of 2026 were “pretty rough” and that OpenAI “wasn’t even in the conversation” in agentic coding, where Anthropic‘s Claude Code has gained market share. He acknowledged Codex existed but “no one was talking about it.” Activity picked up in the third quarter, with OpenAI reporting 70% quarterly growth in annualized revenue, which he attributed to the enterprise business doubling. The growth was the result of cumulative investments rather than a single quarter’s events.

Enterprise now accounts for the majority of OpenAI‘s revenue, up from around 30%, while consumer revenue also continued to grow. Brockman pointed to a partnership with JPMorgan Chase as an example of the clients OpenAI is now winning. He said OpenAI learned that its job is to help businesses identify achievable milestones with its AI technology, build trust, and demonstrate long-term reliability. A year ago, he said, companies questioned whether OpenAI was truly committed to the enterprise; today, he said, “it’s so different.”