diff --git a/common/board_r.c b/common/board_r.c
index f9647e1358..64beae5f34 100644
--- a/common/board_r.c
+++ b/common/board_r.c
@@ -727,6 +727,15 @@ init_fnc_t init_sequence_r[] = {
 	set_cpu_clk_info, /* Setup clock information */
 #endif
 	initr_reloc_global_data,
+	initr_barrier,
+	initr_malloc,
+	bootstage_relocate,
+#ifdef CONFIG_DM_SERIAL
+	stdio_init,
+#endif
+#ifdef CONFIG_DM
+	initr_dm,
+#endif
 	initr_serial,
 	initr_announce,
 	INIT_FUNC_WATCHDOG_RESET
@@ -762,12 +771,6 @@ init_fnc_t init_sequence_r[] = {
 #endif
 #ifdef CONFIG_WINBOND_83C553
 	initr_w83c553f,
-#endif
-	initr_barrier,
-	initr_malloc,
-	bootstage_relocate,
-#ifdef CONFIG_DM
-	initr_dm,
 #endif
 #ifdef CONFIG_ARCH_EARLY_INIT_R
 	arch_early_init_r,
@@ -818,7 +821,9 @@ init_fnc_t init_sequence_r[] = {
 	 */
 	initr_pci,
 #endif
+#ifndef CONFIG_DM_SERIAL
 	stdio_init,
+#endif
 	initr_jumptable,
 #ifdef CONFIG_API
 	initr_api,