Hollywood film and TV studio STX Entertainment is having second thoughts about its Hong Kong initial public offering and is considering selling shares on one of the U.S. exchanges, people with knowledge of the matter told Deadline.com.

The studio was planning to raise $500 million from investors in the planned IPO, initially scheduled for August or September, but the Hong Kong market has reportedly become increasingly volatile, according to the report.

The company, which applied for an IPO on the Hong Kong Stock exchange in April, has reportedly not yet withdrawn its application listing, which will expire in November if not renewed, the sources said.

STX's executive team remains in talks with potential investors in the U.S. as it considers interest in a public offering through one of the New York exchanges.