Greg Brockman Thinks OpenAI Could Be IPO-Ready Soon

OpenAI’s annualized revenue grew by 70% in the third quarter of 2026. By the end of September, estimates ranged from $50 billion to nearly $70 billion. 

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The co-founder and president of the company, Greg Brockman, thinks this growth is due to all the investments they made in computing infrastructure, advanced AI models, products, and the company’s enterprise business. 

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During the Wall Street Journal tech conference on Wednesday, Brockman described how the company had gained ground in the enterprise market and said it could be ready for an IPO in 2027. 

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“We’ve been very clear this year that we want to go public when we feel it is the right time for us, and I feel extremely good about the business, “ Brockman said.

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From Setbacks to Growth

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Brockman admitted that the first half of 2026 had been difficult for the company. OpenAI struggled to compete in the agentic coding market, where Anthropic had already established a strong presence with Claude.

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Brockman said that even though they created Codex, nobody was talking about it. However, the company continued working on its products and eventually began seeing results. 

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OpenAI has won major enterprise clients. Its enterprise segment accounts for the majority of its revenue, up from around 30%. 

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Brockman pointed to their recent partnership with JPMorgan Chase as an example. According to MLQ.ai, JPMorgan Chase signed a partnership with OpenAI to use the AI lab’s coding and cybersecurity models.

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Brockman also said OpenAI has a different approach now. It doesn't just offer AI products. The company focuses more on helping businesses identify practical goals they can achieve with its technology. 

OpenAI’s IPO Plans

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OpenAI has already taken steps toward a public listing. In June 2026, the company submitted a confidential draft registration statement, known as a Form S-1, to the U.S. Securities and Exchange Commission. However, it has not announced an IPO date, a target valuation, or the investment banks that would lead the offering.

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OpenAI was valued at $852 billion in March 2026. More recent reports have suggested a private-market valuation of approximately $1.25 trillion, although this is not an official IPO valuation.

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A New Chapter for OpenAI

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According to Axios, Brockman has been working to reshape the company’s leadership team and expand its enterprise presence as the company tries to catch up with Anthropic.  

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Competing in the AI industry takes more than financial resources. It requires AI leaders who understand the technology, recognize its potential, and know how to lead big teams. OpenAI is a good example of how success depends on strong leadership, strategy, and good investments.

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By 2027, OpenAI will need to demonstrate that it can sustain its revenue growth, make more profit from its AI products, and compete with Anthropic and other major players in the industry. 

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