China AI Supply‑Chain IPOs Stay Steady Amid Valuation Pullback, Citi Reports

Citi’s latest research indicates that a wave of initial public offerings in China’s AI supply‑chain sector has held firm, even as valuation multiples have eased. The bank notes that the resilience of these listings reflects sustained investor appetite for AI‑enabled manufacturing and logistics solutions, and that the sector’s fundamentals remain robust. While recent market sentiment has cooled, the IPOs continue to attract strong demand, suggesting that the valuation pullback may be temporary.