By Wallace Witkowski
SAN FRANCISCO (MarketWatch) -- Shares of Fox Factory Holding Corp. FOXF +24.00% jumped on the day of their initial public offering Thursday. Shares of Fox Factory surged 23% to $18.50 in recent trading. The maker of high-performance vehicle suspension products priced just under 8.6 million shares at $15 a piece late Wednesday. Fox Factory is offering 2.9 million shares and shareholders including Compass Group Diversified Holdings LLC CODI -0.85% are offering 5.7 million. Underwriters have a 30-day option to buy an additional 1.3 million shares.