OpenAI president Greg Brockman said at a Wall Street Journal tech conference on Wednesday, November 4, 2026 that the company could be ready for an IPO next year, according to TechCrunch. Asked whether OpenAI would be IPO-ready in 2027, he replied: “I think so. Yes.” TechCrunch’s report of November 5 links a recording of the event.

What he said about going public

  • “We’ve been very clear this year that we want to go public when we feel is the right time for us.”
  • “I feel extremely good about the business,” and “I’ve honestly never felt more confident in what we’re doing.”

Enterprise growth and the first half of 2026

  • Brockman called the first and second quarters of 2026 “pretty rough” and acknowledged OpenAI “wasn’t even in the conversation” on agentic coding, an area where Anthropic’s Claude Code has picked up market share. He said the company “kept our heads down and executed” while its Codex product went largely unmentioned.
  • In the third quarter, annualized revenue rose 70% quarter over quarter, which he credited to enterprise revenue doubling. Enterprise was previously about 30% of OpenAI’s revenue and now makes up most of it, he said. Consumer revenue has not shrunk and has kept growing, but enterprise “has really taken off.”
  • He cited a recent partnership with JPMorgan Chase as an example of the enterprise deals OpenAI is now winning, and said that “a year ago, we weren’t even really in the enterprise game,” adding, “But it’s so different today.”

Related reporting

TechCrunch reported a day later, citing Bloomberg, that OpenAI had raised $11 billion at a $1.25 trillion valuation; see Lens’s post on that report.

Sources and notes

This post is based on TechCrunch’s report by Sarah Perez (10:02 a.m. PST, November 5, 2026) of Brockman’s remarks; the article includes no separate OpenAI statement. Lens did not watch the recording, and the revenue figures are Brockman’s own and were not independently verified.

Image: a brass ship’s bell from the SS Nyanza, by Sam Wilson via Wikimedia Commons, licensed under CC BY-SA 2.0; cropped. Stand-in photo; it is not related to OpenAI and does not show the events described.