diff --git a/drivers/kvm/kvm_main.c b/drivers/kvm/kvm_main.c
index a0a3fddba8150dce9271eeb4af6b2d4b566ab453..46efbe70801c920e8b026061f2981471605e013c 100644
--- a/drivers/kvm/kvm_main.c
+++ b/drivers/kvm/kvm_main.c
@@ -297,9 +297,6 @@ static struct kvm *kvm_create_vm(void)
 	kvm_io_bus_init(&kvm->pio_bus);
 	spin_lock_init(&kvm->lock);
 	INIT_LIST_HEAD(&kvm->active_mmu_pages);
-	spin_lock(&kvm_lock);
-	list_add(&kvm->vm_list, &vm_list);
-	spin_unlock(&kvm_lock);
 	kvm_io_bus_init(&kvm->mmio_bus);
 	for (i = 0; i < KVM_MAX_VCPUS; ++i) {
 		struct kvm_vcpu *vcpu = &kvm->vcpus[i];
@@ -309,6 +306,9 @@ static struct kvm *kvm_create_vm(void)
 		vcpu->kvm = kvm;
 		vcpu->mmu.root_hpa = INVALID_PAGE;
 	}
+	spin_lock(&kvm_lock);
+	list_add(&kvm->vm_list, &vm_list);
+	spin_unlock(&kvm_lock);
 	return kvm;
 }