Kayne Anderson MLP (KYN -4.5%) opens sharply lower after its upsized offering of 6.2M shares is...

Kayne Anderson MLP (KYN -4.5%) opens sharply lower after its upsized offering of 6.2M shares is priced at $36/share, a 4.3% discount to Tuesday's close (earlier). At one point, shares were trading below $36, yet YTD gains are still ~22%. As of Feb. 28, KYN had 88.6M shares outstanding.