Question about IPOs and Selling/Buying Shares

Sorry if this seems like a stupid question, when a corporation owner sells shares of a corp, to whom does that money go? I assumed at first that it went to the corporation's "cash available now" figure, but after selling some shares of my country's corporation (Kaliwaenia Wood 1A) that figure didn't increase, and I made sure they had sold when I checked. Does it go to the corporation owner rather than the corporation itself?

Yep, the owners, so an initial ipo means the cash goes to the country or enterprise.

Ah, so as far as strategy goes, there's really no reason to have a corporation go public unless the country or enterprise needs the immediate cash? Or would there be reasons other than that as well?

There's another thread started in the beginners forum about this subject exactly.

Go look there please, as I cant be bothered to type it all out again. And there are other opinions too.

Thanks for always being so helpful Crafty.