Earlier quoted context omitted.
Not an IPO but I was hired by a company that was supposed to extend me an offer including stock options, unfortunately there was miscommunication about shares vs options, netting me 1/100th of what I expected. I was so angry I seriously considered taking a short position against the original amount of stock I was promised, but in the end it just didn't feel right to bet against my employer. A year later and their sto…
I agree with you. My short would not have been a bet against my employer, more about being satisfied with turning paper gains into locked in, real money gains.
In many cases you aren't allowed to short employer stock, it's sometimes in the employment contract you sign. In other cases, shorting your employer can get you investigated for insider trading. Also, your employer might fire you. Probably want to talk to an attorney before doing that in the future.