diff --git a/libusb/core.c b/libusb/core.c
index f0844bf..d05357d 100644
--- a/libusb/core.c
+++ b/libusb/core.c
@@ -2342,13 +2342,14 @@
 	list_add(&_ctx->list, &active_contexts_list);
 	usbi_mutex_static_unlock(&active_contexts_lock);
 
+	usbi_hotplug_init(_ctx);
+
 	if (usbi_backend.init) {
 		r = usbi_backend.init(_ctx);
 		if (r)
 			goto err_io_exit;
 	}
 
-	usbi_hotplug_init(_ctx);
 
 	if (ctx)
 		*ctx = _ctx;
diff --git a/libusb/version_nano.h b/libusb/version_nano.h
index 61bd5b0..f754220 100644
--- a/libusb/version_nano.h
+++ b/libusb/version_nano.h
@@ -1 +1 @@
-#define LIBUSB_NANO 11653
+#define LIBUSB_NANO 11654