OpenAI president Greg Brockman stated the company could be IPO-ready in 2027 at a Wall Street Journal conference. The announcement came as the company reported a 70% quarterly growth in its annualized revenue during the third quarter of 2026. Brockman expressed high confidence in the business’s progress and long-term reliability for clients.
Enterprise revenue accounted for roughly 30% of total revenue a year ago but has now become the majority source. The enterprise business doubled in size, contributing to the company’s turnaround trajectory. OpenAI gained a major client partnership with JPMorgan Chase as part of its enterprise expansion. The company previously struggled in the agentic coding market but has since executed on its strategy.
The company’s financial turnaround is driven by a shift toward enterprise clients. This strategic pivot has allowed OpenAI to double the size of its enterprise business. Investors should monitor whether the company can maintain this growth rate as it prepares for a potential public offering in 2027.
