Intellicell Nets $9 Million in Initial Stock Offering

Intellicell Corp., a Van Nuys distributor of wireless communications products, has completed its first public offering of stock.

The company has netted about $9 million in the offering, which Chief Financial Officer Jim Bunting said will be used to augment a credit line obtained last year.

Sans Brothers & Co. was the representative for several underwriters.

Bunting said Intellicell, which sells cellular phones and accessories, is growing due to expansion of the cellular market.

The company’s 1995 revenues were $69 million. For the first nine months of 1996, revenues were $66 million.