diff --git a/kernel/module.c b/kernel/module.c
index be4807fb90e..68d05d2f4d8 100644
--- a/kernel/module.c
+++ b/kernel/module.c
@@ -2179,9 +2179,11 @@ sys_init_module(void __user *umod,
 		return ret;
 	}
 
-	/* Now it's a first class citizen! */
-	mutex_lock(&module_mutex);
+	/* Now it's a first class citizen!  Wake up anyone waiting for it. */
 	mod->state = MODULE_STATE_LIVE;
+	wake_up(&module_wq);
+
+	mutex_lock(&module_mutex);
 	/* Drop initial reference. */
 	module_put(mod);
 	unwind_remove_table(mod->unwind_info, 1);
@@ -2190,7 +2192,6 @@ sys_init_module(void __user *umod,
 	mod->init_size = 0;
 	mod->init_text_size = 0;
 	mutex_unlock(&module_mutex);
-	wake_up(&module_wq);
 
 	return 0;
 }