Who owns the IPO money?

Excuse me, I have a question about the ownership of IPO funds. When a company goes public through an initial public offering (IPO), who ultimately owns the money that is raised from investors? Is it the company itself that retains full control of these funds, or are there other entities or stakeholders involved in the management and distribution of these IPO proceeds? Clarifying this aspect would help me better understand the financial implications and responsibilities associated with an IPO.