WeWork has grown significantly recently, and now the company is preparing for its IPO.

The $47 billion work space rental company is hoping to have an IPO launched next month, joining the lightning round of tech companies going public. WeWork released its IPO prospectus on Wednesday in a long-anticipated move. Like most of the companies going public these last two years, WeWork is not profitable at the moment. The company’s filing for the IPO revealed that the company lost $900 million in six months. The filing also revealed the company’s $1.54 billion revenue from the first six months of 2019. While a $900 million loss in half a year may sound severe, consider that Uber reported a $5 billion loss in the second quarter. Furthermore, approximately 80% of IPOs launched in 2019 have been for companies that are losing money. The current market is more focused on prospects for long-term growth than it is on profitability, so WeWork should fit in well with its current conditions.

WeWork was re-branded into We Company recently, and the company had 527,000 users as of the end of June, which is a 90% increase from a year ago. The company will be listed under the WE ticker and JP Morgan Chase and Goldman Sachs are its main underwriters.

A large part of the reason why WeWork has not turned a profit yet is that as a work space rental company, they’ve had to dump money into some of the most expensive real estate in the world to be able to set up an effective operation. In its filing, the company reported $17.9 billion in long-term lease obligations.