Pinterest founder dismisses speculation firm will go public

The co-founder of Pinterest has dismissed speculation the firm is gearing up to go public as the US technology giant unveiled plans to boost overseas earnings.

Pinterest chief creative officer Evan Sharp said remaining private gives the firm more room to innovate because it does not have to meet the short-term financial targets that comes with an initial public offering (IPO).

Mr Sharp, who worked for Facebook before later co-founding Pinterest with chief executive Ben Silbermann, told the Press Association: “We have no plans to go public right now.

“We raised quite a bit of capital a year back and the idea of that was to be able to have the resources to invest in an aggressive expansion of our offices and our revenue products. I think that will sustain us for quite a while.”

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