OpenAI could be ready to go public in 2027, the company’s president Greg Brockman has said — the clearest public signal yet about the ChatGPT maker’s listing plans. Brockman spoke on Wednesday at a Wall Street Journal technology conference in Napa, California, where he also revealed that business customers now generate the majority of OpenAI’s revenue — a major shift for a company once seen mainly as a consumer brand built around ChatGPT. His comments stop short of announcing a listing: no date, exchange or share price has been set. But they show how fast OpenAI’s business has moved from chatbot subscriptions towards selling AI tools to companies.
“I think so”: Brockman’s answer on a 2027 listing
Brockman, an OpenAI co-founder and president who oversees its products, computing and business, was speaking in a session titled “OpenAI’s Race to Scale” with Wall Street Journal reporter Keach Hagey. Asked on stage whether OpenAI would be ready for an initial public offering next year, he replied: “I think so,” Reuters reported. The answer was about readiness, not a promise. OpenAI has not announced a listing date, a stock exchange or an offering price, and Brockman set out none of those details in his remarks. Reports have said the company filed IPO paperwork confidentially in June 2026, with its chief financial officer pointing to a 2027 listing, but no timetable has been confirmed in public. What it does establish is the direction of travel: OpenAI’s leadership believes the business is close to ready for the public markets.
Enterprise customers now bring in most of the money
The more important news may be the revenue shift behind them. Enterprise customers now account for most of OpenAI’s revenue, he said. When the company last gave a breakdown, in March 2026, businesses accounted for more than 40 percent of revenue, on track for parity with consumers by year-end. Brockman’s update puts enterprise past the halfway mark ahead of schedule. He also said annualised revenue grew 70 percent during the third quarter, and the enterprise business doubled. That 70 percent figure measures growth in the annualised revenue run rate, not revenue actually recognised over the three months, and Brockman gave no dollar total or exact enterprise share. Reports have put annualised revenue at around 50 billion dollars at the end of September, targeting more than 70 billion by year-end — but those are reported estimates, and OpenAI has not published audited financials.
Codex and the race with Anthropic
Central to the enterprise push is Codex, OpenAI’s coding agent, which the company is selling to engineering teams. OpenAI’s own research, published in August, found Codex produced 64 percent of combined Codex and ChatGPT output tokens among enterprise customers in June — a sign of how much business workload now runs through the coding tool rather than the chatbot. The push comes as OpenAI competes with Anthropic for corporate customers. Reuters has reported that Anthropic is likely to go public before the end of 2026, and Anthropic has already filed a public prospectus for a Nasdaq listing under the ticker “ANT”. Microsoft, OpenAI’s biggest partner, recorded 10 billion dollars in commercial revenue from OpenAI in the September quarter, including revenue-sharing payments.
What a listing would still need — and what is not decided
A readiness comment is not a listing. OpenAI is reported to be seeking fresh capital ahead of any debut, but reports differ on the size: one puts the round at 20 billion dollars at a valuation of about 1.25 trillion dollars, while another reports about 11 billion dollars committed towards a 30 billion dollar target. Investors will also want audited numbers, and market conditions, a chosen exchange and a price would all still have to be settled. None of that was in Brockman’s remarks. What they do establish is intent and direction: OpenAI’s leadership believes the business is nearly ready, and its money now comes mostly from companies rather than consumers. For a company valued in the trillions in private funding rounds, a debut would rank among the largest technology listings ever — if and when it happens.
Why it matters in Pakistan
ChatGPT is widely used in Pakistan by students, freelancers and small businesses, and the enterprise shift means more of OpenAI’s attention — and its most powerful tools — will go to business customers, including tools Pakistani firms are already adopting. A listing would also put a public price on the world’s best-known AI company for the first time, and Pakistani investors who follow global markets will be watching the valuation debate closely. For now, though, it is a signal rather than a date: the maker of ChatGPT thinks it could be ready to go public next year.
Read also: Anthropic has already filed its own IPO prospectus — our report on the Anthropic IPO filing for Nasdaq — and OpenAI’s latest update lets ChatGPT make GIFs.
Sources: Reuters reported Brockman’s remarks from the Napa conference, and Unite.AI reported the enterprise revenue shift and IPO readiness signal.
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