But the money raised by the IPO would go to the ne

But the money raised by the IPO would go to the new company, not AMBS, wouldn't it? I understand that AMBS might hold a percentage of the shares, but that would not give any cash to AMBS and I assume that AMBS would be limited to selling any shares they would own, at least for a while. I can see how if might create value in the form of shares in the new company both for AMBS and AMBS shareholders, but that is not cash. Am I missing something?