The phrase 'raise up to' is correct and can be used in written English.
It is used to denote an increase in something. For example: "The government has decided to raise taxes up to 25%."
The sales could raise up to €2 billion, she said.
The sale could raise up to $1.6 billion.
Assuming underwriters use what's known as an overallotment option, Oaktree will raise up to $595.1 million.
Kenya has a debut sovereign bond in the works, aiming to raise up to $2 billion.
It is hoping to raise up to $100 million for research and development.
Tanzania had been hoping to raise up to $20 million from the sale.
The German exchange could raise up to euro1 billion ($875m) in early 2001.
Swiss-based Glencore's IPO is expected to raise up to $11 billion.
Petrobras also hopes to sell shares to raise up to $25 billion in cash.
Some pundits think its flotation could raise up to $15 billion.
Infosys, a software-services company, is seeking approval to raise up to 100 times that amount.
