China AI supply-chain IPOs hold firm despite valuation pullback, Citi says

Citi expects listings of Chinese AI supply-chain companies to hold steady even as valuation concerns grow and regulatory scrutiny tightens, a banker working with Chinese firms said. The comments come as investors weigh recent pullbacks tied to market expectations for AI-related growth. Reuters reports the story was corrected to use “Yuan” instead of “Yuen” and to fix spelling of Simon Yuan’s surname. Reporting was done by Selena Li in Bangkok, with editing by Tom Hogue. The key takeaway for the market is that underwriting sentiment remains supportive despite choppier valuation optics around AI-linked IPOs.