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Greg Brockman Says OpenAI Could Be Ready for an IPO in 2027
On November 4, Greg Brockman said he thinks OpenAI could be ready to go public in 2027; he also said enterprise sales now make up most of its revenue. OpenAI is expanding business sales and promoting Codex against Anthropic.
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Key takeaways
- On November 4, Greg Brockman said he thinks OpenAI could be ready to go public in 2027; he also said enterprise sales now make up most of its revenue.
- OpenAI is expanding business sales and promoting Codex against Anthropic. Reports say it was also seeking private funding ahead of Anthropic’s potential listing, but the IPO plans and fundraising figures remain subjec...
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openai.comCreate a landscape editorial hero image for this Studio Global article: What did OpenAI President Greg Brockman say at The Wall Street Journal’s technology conference in Napa, California, on November 4, 2026, abo. Article summary: Brockman said in Napa on November 4 that he believed OpenAI would be ready to go public in 2027 and that enterprise sales now generated most of its revenue, as it expanded its business offering against Anthropic. [2] Tha. Topic tags: general, news, general web. Style: premium digital editorial illustration, source-backed research mood, clean composition, high detail, modern web publication hero. Use reference image context only for broad subject, composition, and topical grounding; do not copy the exact image. Avoid: logos, brand marks, copyrighted characters, real person likenesses, fake screenshots, UI text, readable text, watermarks, charts with fake numbers
OpenAI president Greg Brockman said he thinks the company could be ready for an initial public offering in 2027. He also said enterprise sales now account for most of OpenAI’s revenue, as it steps up its push to win business customers from competitors including Anthropic. The remarks signal a possible timetable—not a scheduled listing. 17
What Brockman said about OpenAI’s business
Brockman made the comments at The Wall Street Journal’s technology conference in Napa, California, on November 4. Asked whether OpenAI would be ready for an IPO the following year, he replied, “I think so,” according to Reuters. He also said enterprise sales generate the majority of the company’s revenue. 17
Reuters reported that OpenAI has been increasing sales to businesses and pushing its Codex agent as part of its competition with Anthropic. The available reporting does not provide further detail about Codex’s role or quantify enterprise revenue. 17
A 2027 outlook is not a confirmed IPO plan
Brockman’s answer describes when OpenAI might be ready to go public; it does not establish that the company has set a listing date. His outlook is consistent with September reporting that Sam Altman considered a 2026 IPO ill-timed because of safety concerns, as well as prior reporting of CFO Sarah Friar’s 2027 expectation.
The reports supplied here do not establish that Brockman addressed specific next-generation AI safety risks or infrastructure requirements at the conference. Separately, Reuters reported that OpenAI was seeking funding for substantial infrastructure commitments and to strengthen its balance sheet in case weaker IPO-market conditions delayed its plans.
Why Anthropic’s planned IPO matters to OpenAI’s funding push
Anthropic publicly filed IPO paperwork on October 26 and planned to list on Nasdaq under the ticker “ANT.” Reports described a possible November debut, potentially before Thanksgiving, but the timing was prospective. 1
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Estimates of Anthropic’s potential valuation varied: reports put it between $1.5 trillion and $2 trillion, while The Irish Times cited a narrower expected range of $1.5 trillion to $1.75 trillion. The filing left the share count and price range undecided, so reported offering values—including estimates of roughly $100 billion or more—were not final terms. 2
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Reuters reported that OpenAI was racing to secure investor commitments ahead of Anthropic’s expected mid-November debut. Sources cited in separate reporting said SoftBank, Abu Dhabi-based MGX and other existing OpenAI backers were in talks to participate; that does not confirm their eventual investments.
Reporting also described OpenAI’s new fundraising target falling from about $30 billion to roughly $20 billion, alongside a lower proposed valuation, and said the first close could be below $20 billion after some investors reduced their allocations. These are reported fundraising targets and expectations, not a completed round.
For comparison, OpenAI announced that its March 2026 funding round closed with $122 billion in committed capital at an $852 billion post-money valuation. That earlier round is distinct from the later fundraising effort.
What the remarks do—and don’t—settle
Brockman’s comments provide two clear signals: OpenAI sees a possible path to IPO readiness in 2027, and enterprise customers have become its majority revenue source. They also put Codex within the company’s effort to compete for business customers. 17
They do not confirm a public-listing date, resolve the company’s safety questions, or establish final terms for its fundraising. Anthropic’s proposed offering adds a competitive deadline to OpenAI’s reported financing effort, but the available sources do not verify the precise overlap between the companies’ investors or the eventual outcome of either company’s plans.
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On November 4, Greg Brockman said he thinks OpenAI could be ready to go public in 2027; he also said enterprise sales now make up most of its revenue. OpenAI is expanding business sales and promoting Codex against Anthropic. Reports say it was also seeking private funding ahead of Anthropic’s potential listing, but the IPO plans and fundraising figures remain subjec...