Lindows, fresh from changing the name of its flagship product, is preparing to go public as it struggles to earn a profit.

Lindows could raise as much as $57.5 million from the IPO, money it would use to further distribution of its OS and other software, expand sales and marketing, develop more products and repay $10.4 million in outstanding debt to its founder, Michael Robertson, according to the SEC filing.

Source: Eweek