OpenAI president eyes 2027 for potential public listing

OpenAI President Greg Brockman stated on Wednesday that the company could be prepared for an initial public offering by 2027. Speaking at a Wall Street Journal technology conference in Napa, California, Brockman indicated that the organization is positioning itself for a transition to the public markets.

The company's financial trajectory has shifted significantly, with enterprise sales now serving as the primary driver of total revenue. During the third quarter of 2026, OpenAI reported a 70% quarter-over-quarter increase in annualized revenue, while its enterprise business doubled over the same period. This growth marks a turnaround from earlier in the year, when the company experienced a more difficult start to its enterprise operations.

OpenAI previously evaluated the possibility of a 2026 listing but determined that the timing was not yet optimal. The company moved forward with a confidential draft prospectus filing with U.S. regulators in June 2026. While the company is now targeting 2027, Brockman noted that there is no set date, exchange, or offering price, stating that the firm intends to go public when it feels the timing is right.

As it prepares for a potential IPO, OpenAI faces competition for enterprise clients from other firms, including Anthropic, which is also expected to pursue a public listing. By March 31, 2026, enterprise revenue already accounted for more than 40% of the company's total revenue, a figure that has continued to grow as the business model evolves.