diff --git a/RxSwift/Observables/Multicast.swift b/RxSwift/Observables/Multicast.swift
index 1ebcf0212..2d0df4dc8 100644
--- a/RxSwift/Observables/Multicast.swift
+++ b/RxSwift/Observables/Multicast.swift
@@ -229,13 +229,15 @@ final private class ConnectableObservableAdapter<Subject: SubjectType>
     }
 
     private var lazySubject: Subject {
-        if let subject = self.subject {
+        lock.performLocked {
+            if let subject = self.subject {
+                return subject
+            }
+            
+            let subject = self.makeSubject()
+            self.subject = subject
             return subject
         }
-
-        let subject = self.makeSubject()
-        self.subject = subject
-        return subject
     }
 
     override func subscribe<Observer: ObserverType>(_ observer: Observer) -> Disposable where Observer.Element == Subject.Element {
diff --git a/RxSwift/Observables/ShareReplayScope.swift b/RxSwift/Observables/ShareReplayScope.swift
index 59d440dc3..8ed1bdb79 100644
--- a/RxSwift/Observables/ShareReplayScope.swift
+++ b/RxSwift/Observables/ShareReplayScope.swift
@@ -169,7 +169,7 @@ private final class ShareReplay1WhileConnectedConnection<Element>
     private let lock: RecursiveLock
     private var disposed: Bool = false
     fileprivate var observers = Observers()
-    private var element: Element?
+    fileprivate var element: Element?
 
     init(parent: Parent, lock: RecursiveLock) {
         self.parent = parent
@@ -205,18 +205,6 @@ private final class ShareReplay1WhileConnectedConnection<Element>
         self.subscription.setDisposable(self.parent.source.subscribe(self))
     }
 
-    final func synchronized_subscribe<Observer: ObserverType>(_ observer: Observer) -> Disposable where Observer.Element == Element {
-        self.lock.performLocked {
-            if let element = self.element {
-                observer.on(.next(element))
-            }
-
-            let disposeKey = self.observers.insert(observer.on)
-
-            return SubscriptionDisposable(owner: self, key: disposeKey)
-        }
-    }
-
     final private func synchronized_dispose() {
         self.disposed = true
         if self.parent.connection === self {
@@ -274,14 +262,20 @@ final private class ShareReplay1WhileConnected<Element>
         let connection = self.synchronized_subscribe(observer)
         let count = connection.observers.count
 
-        let disposable = connection.synchronized_subscribe(observer)
+        let disposeKey = connection.observers.insert(observer.on)
+
+        let initialValueToReplay = connection.element
         self.lock.unlock()
         
+        if let initialValueToReplay {
+            observer.on(.next(initialValueToReplay))
+        }
+        
         if count == 0 {
             connection.connect()
         }
 
-        return disposable
+        return SubscriptionDisposable(owner: connection, key: disposeKey)
     }
 
     @inline(__always)
@@ -414,8 +408,8 @@ final private class ShareWhileConnected<Element>
         let connection = self.synchronized_subscribe(observer)
         let count = connection.observers.count
 
-        let disposable = connection.synchronized_subscribe(observer)
         self.lock.unlock()
+        let disposable = connection.synchronized_subscribe(observer)
 
         if count == 0 {
             connection.connect()
diff --git a/Tests/RxSwiftTests/Anomalies.swift b/Tests/RxSwiftTests/Anomalies.swift
index 4e1cd204e..3f8e81d77 100644
--- a/Tests/RxSwiftTests/Anomalies.swift
+++ b/Tests/RxSwiftTests/Anomalies.swift
@@ -176,4 +176,88 @@ extension AnomaliesTest {
             performSharingOperatorsTest(share: op)
         }
     }
+    
+    func test2653ShareReplayOneInitialEmissionDeadlock() {
+        let immediatelyEmittingSource = Observable<Void>.create { observer in
+            observer.on(.next(()))
+            return Disposables.create()
+        }
+        .share(replay: 1, scope: .whileConnected)
+        
+        let exp = createInitialEmissionsDeadlockExpectation(
+            sourceName: "`share(replay: 1, scope: .whileConnected)`",
+            immediatelyEmittingSource: immediatelyEmittingSource
+        )
+        
+        wait(for: [exp], timeout: 5)
+    }
+    
+    func test2653ShareReplayMoreInitialEmissionDeadlock() {
+        let immediatelyEmittingSource = Observable<Void>.create { observer in
+            observer.on(.next(()))
+            return Disposables.create()
+        }
+        .share(replay: 2, scope: .whileConnected)
+        
+        let exp = createInitialEmissionsDeadlockExpectation(
+            sourceName: "`share(replay: 2, scope: .whileConnected)`",
+            immediatelyEmittingSource: immediatelyEmittingSource
+        )
+        
+        wait(for: [exp], timeout: 5)
+    }
+    
+    func test2653ShareReplayOneForeverInitialEmissionDeadlock() {
+        let immediatelyEmittingSource = Observable<Void>.create { observer in
+            observer.on(.next(()))
+            return Disposables.create()
+        }
+        .share(replay: 1, scope: .forever)
+        
+        let exp = createInitialEmissionsDeadlockExpectation(
+            sourceName: "`share(replay: 1, scope: .forever)`",
+            immediatelyEmittingSource: immediatelyEmittingSource
+        )
+        
+        wait(for: [exp], timeout: 5)
+    }
+    
+    func test2653ShareReplayMoreForeverInitialEmissionDeadlock() {
+        let immediatelyEmittingSource = Observable<Void>.create { observer in
+            observer.on(.next(()))
+            return Disposables.create()
+        }
+        .share(replay: 2, scope: .forever)
+        
+        let exp = createInitialEmissionsDeadlockExpectation(
+            sourceName: "`share(replay: 2, scope: .forever)`",
+            immediatelyEmittingSource: immediatelyEmittingSource
+        )
+        
+        wait(for: [exp], timeout: 5)
+    }
+    
+    private func createInitialEmissionsDeadlockExpectation(
+        sourceName: String,
+        immediatelyEmittingSource: Observable<Void>
+    ) -> XCTestExpectation {
+        let exp = expectation(description: "`\(sourceName)` doesn't cause a deadlock in multithreaded environment because it doesn't keep its lock acquired to replay values upon subscription")
+        
+        let triggerRange = 0..<1000
+        
+        let multipleSubscriptions = Observable.zip(triggerRange.map { _ in
+            Observable.just(())
+                .observe(on: ConcurrentDispatchQueueScheduler(qos: .userInitiated))
+                .flatMap { _ in
+                    immediatelyEmittingSource
+                }
+                .take(1)
+        })
+        
+        _ = multipleSubscriptions.subscribe(onCompleted: {
+            exp.fulfill()
+        })
+        
+        return exp
+    }
 }