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This may be stupid question. If current ICO price is listed at $0.2615 and there is EOS selling on bitfinex for 0.7-0.8 usd, why can't I just buy at the ICO price and sell 0.6 higher on bfx? What am I missing here?
A significant portion of the funding for each ICO funding period typically occurs in the last 5-30 minutes of the period. So what you see now (~$.026ish) isn't a terrific representation of what it'll price out to at the end. Look at the previous handful of funding periods to get an idea where it's clocking in (generally).
