Replication code:

@SelectedValue
<br />
<TelerikComboBox Data="@DdoData"
                 OnRead="@OnReadHandler"
                 Filterable="true"
                 ValueField="RecId"
                 TextField="DdoTitle"
                 Placeholder="Find what you seek by typing"
                 @bind-Value="@SelectedValue">
</TelerikComboBox>

@code{
    public int SelectedValue { get; set; } = 4;
    List<ddo> DdoData { get; set; }
    public string ddoCbType { get; set; } = "Default";
    int InitialId { get; set; }
    string currentText { get; set; } = "";

    protected override async Task OnInitializedAsync()
    {
        await ReadDdoData(ddoCbType, "");
        if (SelectedValue > 0)
        {
            InitialId = (int)SelectedValue;
            await ReadDdoData(ddoCbType, currentText);
        }
    }

    async Task OnReadHandler(ComboBoxReadEventArgs args)
    {
        if (args.Request.Filters.Count > 0)
        {
            Telerik.DataSource.FilterDescriptor filter = args.Request.Filters[0] as Telerik.DataSource.FilterDescriptor;
            currentText = filter.Value.ToString();
            await ReadDdoData(ddoCbType, currentText);
        }
        else
        {
            currentText = "";
            await ReadDdoData(ddoCbType, "");
        }
    }

    private async Task ReadDdoData(string ddoCbType, string currentText)
    {
        await Task.Delay(100);

        DdoData = new List<ddo>()
        {
                new ddo(){ RecId = 1, DdoTitle = "one"},
                new ddo(){ RecId = 2, DdoTitle = "two"},
                new ddo(){ RecId = 3, DdoTitle = "Three"},
                new ddo(){ RecId = 4, DdoTitle = "Four"},
                new ddo(){ RecId = 5, DdoTitle = "Five"}
            };

        //this does not help
        await InvokeAsync(StateHasChanged);
    }

    public class ddo
    {
        public int RecId { get; set; }
        public string DdoTitle { get; set; }
    }
}